From www.klgates.com: The Competition and Consumer (Industry Code–Franchising) Regulations 2024 will replace the old franchising code in Australia, coming into effect on April 1, 2025.
The new code introduces obligations for franchisors regarding compensation for early termination of agreements and ensuring reasonable opportunities for franchisees to make returns on their investments, with certain transitional provisions delaying the application of these requirements.
Franchisors must prepare compliant franchise agreements and disclosure documents, while also adapting to new disclosure obligations and changes affecting termination practices.