Document ID: chunk:federal_register_of_legislation:F2024L01605:reg:15
Version: federal_register_of_legislation:F2024L01605
Segment Type: reg
Provision Reference: reg 15
Character Range: 28970–29592

15  Purpose of Code
  The purpose of this Code is to:
 (a) regulate the conduct of participants in franchising towards other participants in franchising, in particular to address the imbalance of power between franchisors and franchisees and prospective franchisees; and
 (b) improve standards of conduct and practice in the industry to minimise disputes through:
 (i) better disclosure of information, to inform decision‑making; and
 (ii) setting out requirements for franchise agreements; and
 (c) provide a fair and equitable dispute resolution procedure for disputes arising under this Code or a franchise agreement.