This document was authored by the then Department of Innovation, Industry, Science and Research as part of the Small Business portfolio policy functions which have since been transferred to the Treasury.
On 1 December 2008, the Parliamentary Joint Committee on Corporations and Financial Services (Joint Committee) tabled its report Opportunity not opportunism: improving conduct in Australian franchising. The Joint Committee considered that, by making the improvements to the Franchising Code of Conduct (Franchising Code) recommended in its report and by allowing the 1 March 2008 amendments to have an impact, the existing regulatory framework is developing into the most appropriate mechanism for fostering franchising in Australia. The Joint Committee made 11 recommendations to improve the operation of the Franchising Code.
This document is the Government's response to the recommendations made.