Document ID: chunk:federal_register_of_legislation:F2022C01111:reg:5
Version: federal_register_of_legislation:F2022C01111
Segment Type: reg
Provision Reference: reg 5
Character Range: 11549–12552

5  Transitional—clause 8
 (1) Subclause 8(1) of the new code does not apply if a franchisor has an existing disclosure document.
 (2) If a franchisor has an existing disclosure document:
 (a) the existing disclosure document may be given under the new code before 1 November 2015; and
 (b) the franchisor must update the existing disclosure document so that it complies with subclauses 8(3), (4) and (5) of the new code by 31 October 2015; and
 (c) the requirements of subclause 8(6) of the new code apply to a financial year that begins on or after 1 January 2015.
 (3) In this section:
existing disclosure document means a franchisor's disclosure document (within the meaning of the old code) that exists on 1 January 2015.
new code means the Franchising Code of Conduct set out in Schedule 1 to this instrument.
old code means the Franchising Code of Conduct set out in the Schedule to the Trade Practices (Industry Codes—Franchising) Regulations 1998 as in force immediately before 1 January 2015.