Major Overhaul of Franchising Code: What the 2024 Regulations Mean for You
The new Competition and Consumer (Industry Codes—Franchising) Regulations 2024 introduce significant updates to Australia's Franchising Code of Conduct, effective April 1, 2025. These changes aim to address power imbalances, improve transparency, enhance dispute resolution, and increase penalties for non-compliance. Key reforms include updated disclosure obligations, strengthened good faith requirements, new protections for franchisees, and a tiered penalty system. Learn how these regulations impact franchisors and franchisees and what steps you can take to stay ahead. Read More