1851

Prospective franchisees in Australia will soon have additional access to franchise information before committing to a franchise agreement, as the government will now require franchisors to post key disclosure information online.On April 1st, 2022, the Australian government amended the Franchising Code of Conduct by imposing obligations on most franchisors to publicly disclose business information on the&nbsp;<a href="https://franchisedisclosure.gov.au/About?utm_source=1851franchise.com&utm_medium=article&utm_campaign=australia-ushers-in-new-era-of-franchise-transparency-with-public-register-2718490" target="_blank" rel="nofollow">Franchise Disclosure Register</a>. While franchisors may experience some additional burden by these disclosure obligations, the mandatory requirements outlined in the legislation are minimal. Many franchisors were already providing this information to potential franchisees, but the disclosures will now be mandated and made publicly available.Per the amended&nbsp;<a href="https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct?utm_source=1851franchise.com&utm_medium=article&utm_campaign=australia-ushers-in-new-era-of-franchise-transparency-with-public-register-2718490" target="_blank" rel="nofollow">Franchising Code of Conduct</a>, all franchisors must create a public profile and publish key disclosure information on the register by November 14, 2022. The&nbsp;<a href="https://franchisedisclosure.gov.au/Franchisors?utm_source=1851franchise.com&utm_medium=article&utm_campaign=australia-ushers-in-new-era-of-franchise-transparency-with-public-register-2718490" target="_blank" rel="nofollow">information that must be disclosed</a> on the registry includes: the franchise’s name, addresses, contact information, industry division and the financial year in which the franchisor operates.&nbsp;The franchisor will also be required to answer questions of interest to franchisees, such as “What is the standard term of franchise agreements?” and “Are franchisees entitled to compensation for goodwill in the business?” Additionally, franchisors have the option to include a Disclosure Statement, Key Facts Sheet, and a standard form Franchise Agreement used by the franchisor.Each year, franchisors who are registered will be required to confirm that the information on file with the registry is accurate.Failing to register by November 14th, 2022, could result in penalties of up to AUD $133,000.

Australia Ushers in New Era of Franchise Transparency With Public Register

1851 Franchise

Hosted by the Australian Government’s Department of Treasury, the Franchise Disclosure Register will increase the compliance burden for franchisors.

australia-ushers-in-new-era-of-franchise-transparency-with-public-register

Sola Salons

Photo of Sola Salons lobby area with retail display in window

Inside the 2025 Sola Salons Franchise Disclosure Document: What Aspiring Owners Need to Know

sola-salons-2025-fdd-breakdown

Right at Home

How Right at Home Is Building Its Corporate Staff of Innovation To Drive the Future of Senior Care

how-right-at-home-is-building-its-corporate-staff-of-innovation-to-drive-the-future-of-senior-care

Woodhouse Spas

Woodhouse Spas Expands Its Luxury Wellness Brand with Franchisee Signing in New Jersey

woodhouse-spas-expands-its-luxury-wellness-brand-with-franchisee-signing-in-new-jersey

Sola Salons Announces New Franchise Agreement in Ohio

Sola Salons Announces New Franchise Agreement in Ohio: Kristin and Greg Kranias to Expand Revolutionary Salon Concept to Rocky River

sola-salons-announces-new-franchise-agreement-in-ohio-kristin-and-greg-kranias-to-expand-revolutionary-salon-concept-to-rocky-river

Discover the Keys to Franchise Success With Woodhouse Spas COO, Ariel Clay

discover-the-keys-to-franchise-success-with-woodhouse-spas-coo-ariel-clay

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers - 1851 Franchise

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers

ai-unemployment-impact-white-collar-job-loss

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

The Top 20 Cleaning Franchises to Invest in for 2025

top-cleaning-franchises-to-invest-in

From Personal Care to Purpose-Driven Business: Why This Couple Is Bringing Griswold to Houston

from-personal-care-to-purpose-driven-business-why-this-couple-is-bringing-griswold-to-houston

The Top 20 Handyman Franchises To Invest in for 2025

top-handyman-franchises-to-invest-in

Franchisee spotlight graphic with photo of Raj Pingili and Paris Baguette logo

Australia Ushers in New Era of Franchise Transparency With Public Register

MORE STORIES LIKE THIS