Today's news for the franchise & small biz owner

Log In / Register | May 21, 2013

Australian Franchising Code Review Recommendations

Alan Wein’s review of the Australian Franchising Code of Conduct has presented 18 recommendations. Here they are but first;

Australian Regulator Calls For Financial Penalties

With a review of 2010 changes to Australia’s Franchising Code of Conduct seemingly forgotten, the Australian Competition and Consumer Commission is calling for the introduction of financial penalties for rogue franchisors.

Regulator Warns of Franchisors Making False Claims

The Australian Competition and Consumer Commission has warned that the number of franchisors making false earnings claims is on the rise.

Court Enforced 15 Year Ban From Business

It is a first; the Australian Competition and Consumer Commission obtained court orders barring a person from managing companies. And with a bonus $450,000 civil pecuniary penalty.

Genius in South Australia Bill

Last week the South Australian Small Business Commissioner Bill passed through the Lower House. The genius in this Bill comes from redrafting of another Bill to increase positive impact to greater stakeholder and gain that stakeholder support.

WA Franchise Legislation Goes to Committee

Last night the Franchise Bill 2010 passed through the West Australian Parliament unopposed. The few opponents to the Bill were informed the numbers were clearly against them.

South Australia Aims to be Safest Place for Franchisees

Celebrate SA

If you are a franchisee in South Australia, you will celebrate a first for Australia. The state has introduced the Small Business Commissioner Bill 2011, which will ensure broad powers to enhance protection of franchisees by stipulating that dealings are conducted fairly and in good faith.

Franchise Council Annoys Shopping Centre Council

Lease AbuseA foolish claim made earlier this week by Franchise Council of Australia that the Shopping Centre Council of Australia might be ready for a voluntary Code of Conduct on retail tenancies was meant to gain some much needed credibility but it backfired.

Koutsantonis: South Australia Law Is Go!

Tom Koutsantonis MP"Mum-and-dad investors need protection and we need to offer it. We are not going to stand by, waiting for the Commonwealth to step into this space."  Following yesterday’s release of the South Australian Economic and Finance Committee’s Supplementary Report into Franchising the Minister calls for State franchise legislation ‘within weeks’.  

Meet the New Aussie Watchdog

Little FolksThe new chief of the Australian Competition and Consumer Commission, Rod Sims, has some observers suggesting his background may not be suitable to the role. Franchising will be hoping for a change in ACCC direction.