Posted by Elizabeth Gore-Jones
on 1 September 2022
Franchisors need to know the following 7 things about the Franchise Disclosure Register:
1. You will find the register on the myGovID Website;
2. You must upload your information by no later than 14 November 2022;
3. You only have to include information on the Register marked with a * ;
4. We do not recommend including copies of your Key Facts Sheet, Disclosure Document and Franchising Agreement (unless compelling reasons to do so);
5. If you do include your documents you must redact any personal information about your franchisees;
6. You can appoint your lawyer to complete the information for you as a Relationship Authorisation Manager on the myGovID website; and
7. You may incur a penalty of up to $133,200 if you do not comply.
Author:Elizabeth Gore-JonesAbout: Elizabeth specialises in franchising law. She lectures at Bond University PLA in franchising, she sits on the Queensland Law Society Franchising Committee, she is a past member of the Women in Franchising committee and a past member of the Franchise Council of Australia.
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