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Parliamentary Joint Committee on Corporations and Financial Services

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Parliamentary Joint Committee on Corporations and Financial Services Parliamentary Joint Committee on Corporations and Financial Services Fairness in Franchising March 2019 © Commonwealth of Australia 2019 978-1-76010-891-5 This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License. The details of this licence are available on the Creative Commons website: http://creativecommons.org/licenses/by-nc-nd/3.0/au/ Printed by the Senate Printing Unit, Parliament House, Canberra. Committee membership Committee members Mr Michael Sukkar MP, Chair VIC, LP (from 10 September 2018) Ms Terri Butler MP QLD, ALP (from 15 September 2016–10 September 2018) Senator Anthony Chisholm, Deputy Chair QLD, ALP (from 13 February 2019) Mr Jason Falinski MP NSW, LP Senator Jane Hume VIC, LP Mr Steve Irons MP WA, LP (from 14 September 2016–10 September 2018) Ms Ged Kearney MP NSW, ALP (from 10 September 2018) Mr Matt Keogh MP WA, ALP Senator Chris Ketter QLD, ALP Senator Deborah O'Neill NSW, ALP (from 12 September 2016–13 February 2019) Mr Bert van Manen MP QLD, LP Senator Peter Whish-Wilson AG, TAS Senator John Williams NSW, NATS Committee secretariat Dr Patrick Hodder, Secretary PO Box 6100 Parliament House Canberra ACT 2600 T: +61 2 6277 3583 F: +61 2 6277 5719 E: [email protected] W: www.aph.gov.au/joint_corporations iii Table of Contents Committee membership ................................................................................... iii Executive Summary ........................................................................................ xiii Recommendations ......................................................................................... xxiii Abbreviations ....................................................................................................xli Chapter 1.............................................................................................................. 1 Introduction .............................................................................................................. 1 Duties of the committee .......................................................................................... 1 Terms of reference .................................................................................................. 2 Conduct of the inquiry ............................................................................................ 3 Structure of this report ............................................................................................ 4 Acknowledgements ................................................................................................ 6 Notes on references ................................................................................................ 6 Franchising taskforce .............................................................................................. 7 Chapter 2.............................................................................................................. 9 Background ............................................................................................................... 9 Introduction ............................................................................................................ 9 Franchising in Australia ......................................................................................... 9 Key legislative requirements ................................................................................ 12 Franchising Code of Conduct ............................................................................... 12 Oil Code of Conduct ............................................................................................. 15 Competition and Consumer Act 2010 .................................................................. 15 Previous inquiries, reviews and reforms .............................................................. 16 Recent legislative changes .................................................................................... 18 Chapter 3............................................................................................................ 19 Submissions and privilege matters........................................................................ 19 Introduction .......................................................................................................... 19 Summary of submissions ...................................................................................... 19 Parliamentary privilege ........................................................................................ 23 Committee view .................................................................................................... 28 Chapter 4............................................................................................................ 33 Case study—Retail Food Group ........................................................................... 33 Introduction .......................................................................................................... 33 RFG's view of itself .............................................................................................. 33 Submitters' and witnesses' view of RFG .............................................................. 37 What RFG's own data show ................................................................................. 39 The market's view of RFG .................................................................................... 42 Lenders' views of RFG ......................................................................................... 44 Auditor's views of RFG ........................................................................................ 44 The regulators' interactions with RFG .................................................................. 45 Committee view .................................................................................................... 47 Chapter 5............................................................................................................ 53 Industry associations .............................................................................................. 53 Introduction .......................................................................................................... 53 Franchise Council of Australia ............................................................................. 53 Franchisee associations ........................................................................................ 54 Circumvention of legislative requirements .......................................................... 56 Committee view .................................................................................................... 57 Chapter 6 ................................................................................................................. 59 Disclosure and registration .................................................................................... 59 Introduction .......................................................................................................... 59 The public disclosure regime—up-front disclosure ............................................. 60 Disclosure of earnings information ...................................................................... 64 Disclosure and the role of brokers in the sale of franchises ................................. 69 Disputes relating to disclosure.............................................................................. 70 Disclosure during a franchise agreement—marketing fees and funds ................. 71 Registration ........................................................................................................... 77 Committee view .................................................................................................... 81 Chapter 7............................................................................................................ 91 Third line forcing .................................................................................................... 91 vi Introduction .......................................................................................................... 91 Recent changes to third line forcing provisions ................................................... 91 Concerns about third line forcing ......................................................................... 93 Volume control ..................................................................................................... 96 Resale Price Maintenance ..................................................................................... 97 Maximum pricing limit ......................................................................................... 98 Committee view .................................................................................................. 100 Chapter 8.......................................................................................................... 103 Supplier rebates .................................................................................................... 103 Introduction ........................................................................................................ 103 Current disclosure requirements for supplier rebates ......................................... 104 How franchisors accrue and apply rebates ......................................................... 105 Perspectives on rebates ......................................................................................
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