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Franchising is a significant component of Australia's economy, with one in $11 generated through franchise systems. It provides a supportive relationship between franchisee and franchisor, motivated by the success of the franchisee. A recent update to the franchise code aims to ensure that potential franchisees have access to all necessary information regarding risks, property leasing arrangements, supplier relationships, and capital investment expenditure. This enables prospective franchisees to make well-informed decisions before entering into a franchise business investment.
