The recent review of the performance of 2010 changes to the Franchising Code of Conduct in Australia is proving to be simply another embarrassing episode in what has been an eventful decade of ignorant and corrupt government.
In the midst of the post Christmas/New Year frenzy the Australian Minister for Small Business quietly announced the commencement of a review of the Franchising Code of Conduct with little time for submissions.
Appearing as a witness in the Victorian Supreme Court can be embarrassing. The former CEO of the Australian Spar franchisor probably had to reveal more information than he preferred. But that is just a preliminary issue to greater consequences going far beyond the regulation of franchising. Milk War!
Franchisor John O’Brien is mighty proud of his Australian franchise and his increased revenue and expansion plans at Poolwerx. Franchisee turnover has ensured more territories become available under recent changes to franchise contracts up for renewal.
Christmas in Australia is a hot time for giving so I’m going to give a little early cheer to Bakers Delight. Anyone in serious franchising could really appreciate a strategy to capture a new wave of Gen Y franchisees especially as the old franchisees cannot manage to find a way out.
Member for Gilmore Joanna Gash MP has blasted the Australian government for its franchising inaction and the Small Business Minister’s insistence that he will commit to nothing before the election lead up promises set to begin in 2013.
Isn’t it about time Australian franchisees were given a fair go when it comes to interpreting s47 of the Trade Practise Act 1974. I imagine the US equivalent ‘tie in’ legislation is a little more complicated.
There has been more chest-thumping at the ACCC as Chairman Graeme Samuel accesses the state of play with Independents and Greens now in the government mix.
The head franchising regulator, Graeme Samuel, is facing a potential personal loss of more than $50M from his personal fortune through his investment in DFO.
Australia's Metcash, which includes the IGA independent supermarkets, is hoping to acquire the Franklins chain of 77 corporate and 8 franchisee supermarkets for an estimated $215 million.