Upcoming Changes to Franchise Law
The broad definition of what constitutes a “franchise” under the Franchising Code of Conduct has led to some financial services licensees treating their authorised representatives as franchisees.
All licensees should consider whether the agreement they have with each authorised representative constitutes a franchise agreement under the Code. Many authorised representative agreements may meet the definition of a franchise agreement under the Code.
Where a licensee’s arrangement with an authorised representative constitutes a franchise, the licensee should familiarise itself with the requirements of the Code.
On 1 December 2008 a Parliamentary Joint Committee recommended changes to the Code.
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Upcoming Changes to Franchise Law by Holley Nethercote Commercial Lawyers is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 2.5 Australia Licence.
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