Document ID: chunk:federal_register_of_legislation:F2022C01111:clause:1_9a
Version: federal_register_of_legislation:F2022C01111
Segment Type: clause
Provision Reference: sch 1 cl 9A
Character Range: 40806–42207

9A  Key facts sheet

Requirements for key facts sheet
 (1) The key facts sheet relating to a franchise:
 (a) must be in the form published on the Commission's website; and
 (b) must include the information required by the form; and
 (c) must include only information about matters relating to the franchise:
 (i) that is included in the disclosure document relating to the franchise; or
 (ii) that is required to be given to the franchisee under this code.

Maintaining a key facts sheet
 (2) After entering into a franchise agreement, the franchisor must update the key facts sheet relating to the franchise within 4 months after the end of each financial year.
Civil penalty: 600 penalty units.
 (3) However, the franchisor need not update the key facts sheet after the end of a financial year if:
 (a) the franchisor did not enter into a franchise agreement, or only entered into one franchise agreement, during the year; and
 (b) the franchisor does not intend, or if the franchisor is a company, its directors do not intend, to enter into another franchise agreement in the following financial year.
 (4) Despite subclause (3), if a request is made under subclause 16(1), the franchisor must update the key facts sheet so that it reflects the position of the franchise as at the end of the financial year before the financial year in which the request is made.
Civil penalty: 600 penalty units.