This article appeared in Issue 4#2 (January/February 2010)
of Business Franchise Australia & New Zealand

‘So Far So Good’ says FCA on Government process

Steve Wright, Executive Director, Franchise Council of Australia says the Government’s recently released response to the Federal Inquiry into the Franchising Code of Conduct was ‘very positive’.

“The story that we have determined from the Government's report is that they have put their faith in franchising and rejected calls for the introduction of an explicit 'good faith negotiations' clause in the Code.
This is a very good result, Steve said..

Most in the franchising community - and many outside it - were concerned at the significant uncertainty which could flow from the inclusion of the clause.

“The FCA made its position very clear from the outset, more than 18 months ago, and argued it frankly and openly. The strength and integrity of its argument is acknowledged in this decision - even in the words used by the Federal Small Business Minister, Dr Craig Emerson, in announcing the Government response, Steve said.

To find out all the latest franchising news grab yourself a copy of the January/February 10 issue of Business Franchise Magazine, on sale now at all good newsagencies.

Also in this issue:

• Tips from Boost Founder
• Spotlight On Automotive Franchises
• Leases - Look Before You Sign
• Marketing Funds. Money Well spent?
• The Latest Franchise News