Announcement date
9 December 2024
Link to announcement
New franchising code to commence
Competition and Consumer (Industry Codes—Franchising) Regulations 2024
Problem being addressed
The Treasury notes that under the Legislation Act 2003, the Competition and Consumer (Industry Codes — Franchising) Regulation 2014 (the Regulation) is scheduled to sunset on 1 April 2025.
Proposal
The Treasury remake the Regulation without significant amendment.
Assessed Impact Analysis outcome
Sunsetting instrument
Assessment comments
Consistent with the Government's Policy Impact Analysis requirements for sunsetting instruments, Treasury has certified that the Regulation is operating effectively and efficiently.
Regulatory burden
The Treasury estimates these measures will result in a reduction in regulatory costs of $7.49 million per year, averaged over ten years.