Franchising Code – Compilation 8
A further version of the Franchising Code of Conduct has been released, which incorporates all the recent amendments into a new compilation of the Franchising Code. This is called Compilation 8 and Franchisors must guarantee Compilation 8 is used when providing disclosure.
As you may remember from our recent article Changes to the Franchising Code, on 1 April 2022 the Franchising Code of Conduct was amended to insert a new clause 53 dealing with the Franchise Disclosure Register – Competition and Consumer (Industry Codes—Franchising) Amendment (Franchise Disclosure Register) Regulations 2022.
The recent amendments to the Franchising Code of Conduct have now been consolidated into a further version of the Code (‘Compilation 8’). This compilation was released on 26 April 2022 and incorporates both the Franchise Disclosure Register Regulations and the Penalties Regulations.
To view a copy of Compilation 8, visit Federal Register of Legislation.
Franchisors are now required to provide Compilation 8 of the Franchising Code when they are providing disclosure to prospective franchisees or existing franchisees.
If you have any queries, please contact John Dorazio.