The ACCC has announced its priority this year on cracking down on franchisors who do not meet transparency and disclosure obligations.
The ACCC Deputy Chair Mick Keogh indicated the ACCC was given an additional $7.1 million in funding to increase monitoring of information given by franchisors on the Franchise Disclosure Register and strengthen compliance and enforcement in the sector.
The ACCC aims to prevent an “undermining” of the Franchise Register where franchisors do not disclose information that is accurate and complies with the Franchising Code of Conduct. Mick Keogh stated that franchisors not meeting their obligations will now face the risk of penalties.