Competition and Consumer (Industry Codes—Franchising) Regulations 2024
33Giving updated disclosure document on request by franchisee
Start here
Get a plain-English read of 33
Turn the raw legal text into a practical explanation grounded in Competition and Consumer (Industry Codes—Franchising) Regulations 2024.
33 Giving updated disclosure document on request by franchisee
If a franchisor receives a request from a franchisee in accordance with section 32, the franchisor must: (a) update the disclosure document 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; and (b) give the franchisee a copy of the updated disclosure document: (i) within 2 months of the date of the request; and (ii) in the form or forms (if any) requested by the franchisee.
Civil penalty: 600 penalty units.