ACCC authorises cooperation in retail goods supply chain to WA and NT
The ACCC has granted an urgent interim authorisation permitting the cooperation and sharing of information by companies in the supply chain to ensure critical retail goods, including food supplies, are able to reach consumer and businesses in Western Australia (WA) and the Northern Territory (NT).
Key facts sheet for a franchise
Reading the key facts sheet alongside the disclosure document can help potential franchisees to better understand information in the disclosure document.
Franchise disclosure document
All franchisors have to create and maintain a disclosure document that must be given to potential and current franchisees.
The franchise agreement
The franchise agreement is a legally binding contract. It sets out the rules of the franchising relationship that have been agreed to.
The information statement for prospective franchisees
The information statement is a 4-page guide. It highlights issues to think about before becoming a franchisee. The franchisor must give the statement to anyone interested in buying the franchise, within a specific time period.
Franchising supply arrangements and restrictions
Supply arrangements are when a franchisor controls who a franchisee can get their supplies from, what they can sell, or who they can sell to.
Costs that a franchisor can't pass on
Franchisors will ask franchisees to pay for lots of different costs. Under the Franchising Code of Conduct, there are some costs that franchisors can’t ask franchisees to pay for and some circumstances where costs can't be passed on.
Terminating a franchise agreement after receiving lease information
Leases and occupancy licences can be a big expense. In some situations, a franchisee can end a franchise agreement after receiving lease information.
Changing your mind after signing a franchise agreement
Sometimes, soon after buying a franchise, a franchisee may change their mind. This is known as cooling off.