Competition and Consumer (Industry Codes—Franchising) Regulations 2024
37Keeping certain information and documents
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37 Keeping certain information and documents
Things in writing given to a franchisor by a franchisee or prospective franchisee (1) If a franchisee or prospective franchisee gives something to a franchisor in writing, as required or permitted by this Code, the franchisor must keep the written thing or a copy of it for at least 6 years after the franchisor receives it.
Civil penalty: 600 penalty units.
Supporting documents for disclosure documents (2) If a franchisor: (a) makes a statement or claim in the franchisor’s disclosure document; and (b) relies on a document (the supporting document) to support the statement or claim; the franchisor must keep the supporting document for at least 6 years after the disclosure document was most recently provided to a franchisee or prospective franchisee.
Civil penalty: 600 penalty units.
Documents a franchisor is required to give to a franchisee or prospective franchisee (3) If a franchisor gives a document to a franchisee or prospective franchisee, as required or permitted by this Code, the franchisor must keep the written thing or a copy of it for at least 6 years after the franchisor gives it to the franchisee or prospective franchisee.
Civil penalty: 600 penalty units.