Via Domainfax:
A wide-ranging parliamentary inquiry is set to probe the $170 billion franchising industry and examine claims of unfair business models and lax regulation in the scandal-ridden sector.
…The terms of reference call on the inquiry to investigate the rules and regulations that govern the industry, including the effectiveness of the codes of conduct in ensuring franchisees are given enough information to make fully-informed decisions when considering whether to buy into the industry.
That includes whether they are told the likely performance and worse-case financial performance of their business, their contractual rights, leasing arrangements, and expected running costs – including the cost of goods they have to buy from head office.
Good stuff and congratulations to Adele Ferguson and Sarah Dankert who made this happen.
The franchise sector has become little more than a systematic immigration abuse machine. Hopefully whatever new rules are introduced will help protect franchisees and workers both.
