For the second time in weeks, the Australian Securities and Investment Commissions has taken action against and slammed the franchisees of Mobile Rentals for breaching consumer credit laws.
The interest in franchising continues to grow, according to the latest figures from the Retail Food Group.
Economic uncertainty is driving an increasing interest in franchises, according to new research.
The franchising industry has again come under scrutiny from the Australian Competition and Consumer Commission, with the regulator issuing a warning to franchisors not to mislead potential franchisees.
The bill, which is alleged to help franchisees, had only two franchisees and five ex-franchisees made submissions in favour of it. In contrast, 19 franchisees made submissions against the bill.
The FCA is urging on the Western and South Australian Parliament to abandon its state-based franchising legislation that would duplicate national regulation.
Nearly half of Australia's franchise businesses outperformed the broader economy over the last 12 months, according to the results from the annual Franchisor CEO Survey.