On 1 June 2021, the Federal Government released amendments to the Franchising Code of Conduct (the Code).
The amended Code will place heavier burdens on Franchisors in an effort to level the playing field for Franchisees.
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From 18 February 2021, companies can no longer remove the last remaining director on the Australian Securities and Investment Commission (ASIC) records without replacing that appointment with another director, unless certain specific exceptions apply.
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