Document ID: chunk:federal_register_of_legislation:F2024L01605:reg:22
Version: federal_register_of_legislation:F2024L01605
Segment Type: reg
Provision Reference: reg 22
Character Range: 38403–39367

22  Information statement to be given by franchisors
 (1) If a prospective franchisee formally applies or expresses an interest in acquiring a franchised business, the franchisor must give the prospective franchisee a copy of the information statement relating to franchising that is published on the Commission's website:
 (a) as soon as practicable, and not later than 7 days, after the prospective franchisee formally applies or expresses an interest in acquiring the franchised business; and
 (b) before the franchisor gives the prospective franchisee any of the documents mentioned in subsection 23(2).
Civil penalty: 600 penalty units.
 (2) To avoid doubt, this section does not apply to:
 (a) the renewal of a franchise agreement; or
 (b) the extension of the term or scope of a franchise agreement.
Note: For when information in writing may be given electronically, see section 9 of the Electronic Transactions Act 1999.

Division 4—Considering documents