Changes to the
Franchising Code of Conduct
Is your business
involved in franchising? If so, you'll need to be ready for the Franchising
Code of Conduct changes beginning 1 January 2015.
The changes to
the new Franchising Code (the Code) include:
- a requirement for franchisees and
franchisors to act in good faith when dealing with each other
- new fines and penalties for serious
breaches of the Code
- improved transparency of marketing
and advertising budgets
- a requirement for franchisors to
provide a short information sheet to prospective franchisees that outlines
the risks and rewards of franchising
- simplified disclosure requirements
about selling online.
These changes are
significant, so if you're involved in franchising, it's important to check your
agreement and make sure you're still compliant in 2015.
Visit the Franchising Code of Conductpage on the
Australian Competition and Consumer Commission's website for detailed
information on the changes.
Economic Partnership Agreement
Japan-Australia Economic Partnership Agreement (JAEPA) starts on 15 January
The JAEPA will
remove tariff between Japan and Australia and make it easier for you to do
business with Japan.
Visit the JAEPApage on the Department of Foreign Affairs and Trade website for more
information on the JAEPA.
Visit our Free Trade Agreements page to find out what other Free Trade
Agreements Australia has in place.
Tax (VAT) in the European Union (EU)
business operate in the EU?
January 2015, there are going to be changes to how VAT is charged for
businesses that supply:
- telecommunications (e.g. SMS, phone,
- broadcasting (e.g. television, radio)
- electronic services (e.g. software
downloads, cloud business online gaming, e-learning, online payment
Currently, VAT is
charged according to where the supplier is based. As of 1 January 2015,
for trade from one EU nation to another, the VAT will be charged according to
where the customer is based.
If you're a
non-EU business but supply to customers in the EU, there are no changes to the
rules as current rules already charge VAT according to where the customer is
located. This means exports direct from Australia to the EU will not be
affected by the changes.
Check out the Changes to VAT in the European Unionpage on the Austrade
Visit the European Union Taxation and Customs Union for
more information on the changes.