Last week, the ACCC released its new and updated franchising
resources and videos, which provide guidance and useful information to
prospective franchisees. These resources have been translated into Chinese
Traditional, Chinese Simplified and Hindi.
These materials are focused on delivering key messages to
prospective franchisees. This includes information on conducting due diligence,
such as reading and understanding all documents prior to signing, and seeking
legal, accounting and business advice, as well as highlighting some of the
risks with franchising.
You can find the following resources, including
translations, on our Buying
a franchise? Know the risks webpage:
- Information Statement
- Franchising: what you need to know factsheet
- Three short videos:
- Buying a franchise: key steps
- Buying a franchise: supplier restrictions
- Buying a franchise: price vs costs
We are currently promoting these resources using digital
advertising and social media to ensure these important messages reach
prospective franchisees and the broader franchising community.
If your organisation engages with franchising participants,
we encourage you to promote these resources and share the Buying
a franchise? Know the risks webpage via your communication channels and
Thank you to those who previously provided feedback on our
draft ‘quick guide to a franchise disclosure document’ and the draft updated
‘model disclosure document’. We are currently considering all feedback received
and finalising these resources. In the coming months, we also plan to share
some findings from our targeted compliance checks on franchisors operating in
the café, restaurant and take away food services sector.
To assist you with any future promotion and sharing of our
franchising resources, in the next couple of months we will provide you with a
Communications Toolkit with descriptions of resources and content that you may
wish to use in your communication channels.
You can stay up to date on
the latest from the ACCC by following our ACCC Consumer Rights page on Facebook, @acccgovau on Twitter and the ACCC company page on LinkedIn.