Business Services Industry
Franchisees wear failure of franchisor.
Australasian Business Intelligence, February, 2006
Byline: Damien Lynch
Feb 27, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Australian franchisees could be in trouble if their franchisors fail. The University of New South Wales conducted research into franchisor failure on behalf of CPA Australia. It was very difficult even to contact former franchisees, because there is no legal requirement for a franchisor's liquidator to provide any government regulator with a list of franchisees.
However, the report did note that 40 or more franchisors had failed over the decade to 2005, impacting well over 1,000 franchisees. It pointed out that there are no Australian
laws specifically designed to protect...
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