Is The Australian Franchise Industry Becoming More Open To Business Transparency?

by JML on May 14, 2010

In August of 2007, one of the authors over at DynamicBusiness.com wrote a post concerning the approval of new franchise business regulations that would be put into affect in March of 2008.

The Code promotes success in franchising by requiring transparency and fairness in the relationships between both prospective franchisees and current franchisees, and their franchisors.

The mandatory Code is governed by the Trade Practices Act 1974 (TPA) which is administered by the Australian Competition and Consumer Commission (ACCC).

“This is a great step forward for small business,” Small Business Minister Fran Bailey said after all was approved. [click to continue…]

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