The Council of Small Business Australia (COSBOA) has congratulated the Abbott government and in particular the Small Business Minister Bruce Billson , sildenafil following the introduction of the Competition and Consumer Amendment (Industry Code Penalties) Bill which will give the ACCC more powers to allow it to apply fines to businesses which breach prescribed industry codes.
Peter Strong, pharm Chief Executive of COSBOA said that the change, once the new Franchise Code of Conduct is approved, will provide better transparency in the Franchise sector and sends a message that the wrong behaviour will have financial consequences .
“We know there are good franchisors out there and they will have nothing to fear, the franchisors that use their power and their capacity to threaten and bully hard working trusting franchisees have hopefully had their day,” Mr Strong said.
“There is still a need for anyone considering going into a franchise to tread warily and seek advice from those who know. This includes the ACCC funded franchisee course run by Griffith University. This Course has been completed by thousands of people and is highly recommended.”
Small businesses are people who should not be treated without respect or as a cash cow for dodgy franchisors. This change will highlight the honest and professional franchisors and bring the less than honest ones to task.
“This continues on the good work in the small business sector being completed by Bruce Billson and the Abbot government,” concluded Mr Strong.