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Franchising Taskforce Releases Regulation Impact Statement

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By Raynia Theodore, Principal, MST Lawyers

On Monday 11 November 2019, the Franchising Taskforce released its Regulation Impact Statement (RIS).  The purpose of the RIS is to obtain stakeholder views and collect information and data about the relative costs and benefits of the various options to address some of the issues identified by the Parliamentary Joint Committee on Corporations and Financial Services in its Fairness in Franchising report.

The Taskforce is inviting feedback on changes that will impact the franchising sector. Franchisors, franchisees and other stakeholders in the franchise sector are encouraged to read the RIS and provide feedback on any or all of the issues raised. If you have any opinions or information that you would like to be heard, now is the time to contribute your views.

The closing date for responding to the RIS is close of business Friday, 6 December 2019.

You can make a submission as follows:

A copy of the RIS can be accessed here:

https://docs.employment.gov.au/node/47088

For more information about the Franchising Taskforce click here:

https://www.employment.gov.au/franchising-taskforce

For more information or assistance with a submission, please contact our Franchise team by email or call +61 3 8540 0200.