Document ID: chunk:federal_register_of_legislation:F2024L01605:reg:50:p2
Version: federal_register_of_legislation:F2024L01605
Segment Type: reg
Provision Reference: reg 50 (pt 2/2)
Character Range: 82428–83468

premises from the franchisor) or an agreement with anyone else.
 (6) Subsections (1), (3) and (4) do not apply to:
 (a) the renewal of an existing franchise agreement; or
 (b) the extension of the term or scope of an existing franchise agreement; or
 (c) the transfer of a franchise agreement that does not involve entry into a new franchise agreement between the prospective franchisee and the franchisor.
Note: Section 52 deals with cooling off after such a transfer.

Franchisee may opt out of cooling‑off period
 (7) The franchisee may, by written notice given to the franchisor, opt out of being able to terminate the franchise agreement under subsection (1), (3) or (4) if:
 (a) the franchisee has, or has recently had, another franchise agreement (the other agreement) with the franchisor that is the same or substantially the same as the franchise agreement; and
 (b) the business that is the subject of the franchise agreement is the same or substantially the same as the business that is or was the subject of the other agreement.