Blog
WHAT YOU NEED TO KNOW: Tougher penalties announced for breaches of the Franchising Code
Minister for Employment, Workforce, Skills, Small and Family Business, Stuart Robert, has announced increased penalties for breaches of the Franchising Code of Conduct that will come into effect on the 15th of April 2022.
Announced last week, the changes build on a series of reforms that aim to improve fairness and conduct in the franchising sector.
MARKET WATCH: Should I Register my Franchise on the Franchise Disclosure Registry?
More information has been released on the much-anticipated Franchise Disclosure Register and on 1 April 2022 the Franchising Code of Conduct was amended (yet again) to insert a new clause 53 to deal with the Franchise Disclosure Register. Announced as part of the Federal Government’s 2021-22 Budget, the Franchise Disclosure Register aims to assist potential franchisees during the due diligence process, by creating a publicly available source of information, before a franchise agreement is entered into.
MARKET WATCH: The ACCC’s compliance and enforcement priorities for 2022/23
Franchises, it’s that time of year again – the release of the Australian Competition & Consumer Commission’s (ACCC) compliance and enforcement priorities for 2022/23.
These priorities are a definitive guide to what the ACCC will be particularly focussed on in the year ahead
EXPERT ADVICE: Understanding the Documentation with Bianca Sevastos
In the wake of the Covid 19 pandemic, it has been reported that many people are re assessing their lives, where they live and their sources of livelihood.
Historically, whenever there has been an economic shock such as we have witnessed over the past two years, franchising as a sector has significantly grown as people change careers or otherwise seek new business opportunities.
WHAT YOU NEED TO KNOW: Top Tips for protecting your Brand…
Investing in a brand is an essential element of a business and even more so for a franchisor or franchisee. Wikipedia provides an overall definition of a brand being: “a set of marketing and communication that helps to distinguish a company from competitors and create a lasting impression in the minds of customers.”
MARKET WATCH: High Court delivers Two Landmark Decisions
Last week, the High Court delivered two landmark decisions which clarify whether a worker is considered an employee or a contractor.
The High Court decisions have taken the more traditional view that the contract terms take primacy over how the relationship between the worker and the employer operates.
CASE STUDIES: Franchising with Us
Our Commercial Law Partner, Bianca Sevastos sat down with Luke Cameron, Head of Franchise at Stone Real Estate, to speak with him about his experience with Baybridge and to learn a bit more about what one can expect when growing and expanding their business.
OUR TEAM: Dynamic Franchise Duo
This dynamic franchise duo has represented some of the fastest growing franchise systems across the country. Bianca and Racha lead Baybridge’s expert franchise team and have successfully protected the interests of countless franchisors over the past two decades.
MARKET WATCH: Rent Relief for NSW SMEs
NSW has extended relief for small businesses affected by the latest wave of Omicron (COVID-19).
Why our clients choose us?
Down to earth, straight to the point advisors with nothing more than a desire to assist in building successful businesses. Our clients enjoy the benefit of working directly with the senior team, fixed fees and ability to recognise the priorities for success.
- Getting franchise enquiries, but not sure what to do?
- Are you experiencing rapid growth and market attention?
- Is managing staff becoming a constant headache and time consuming?
- Is your cash flow limited for funding future growth?
- Have you proven your business concept?
