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Franchise inquiry listening tour a huge success.



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Bernie Ripoll MP

Federal Member for Oxley

Chair, Parliamentary Joint Committee on Corporations and Financial Services

***MEDIA RELEASE***

Wednesday 20 August 2008

FRANCHISE INQUIRY LISTENING TOUR A HUGE SUCCESS

Chair of the Parliamentary Joint Committee on Corporations and Financial Services (PJC CFS), Bernie Ripoll MP has just concluded a week long ‘listening tour’ around Australia to hear facts and issues relating to the current Franchising inquiry.

Mr Ripoll decided to personally speak with a number of key stakeholders around the country to hear first hand about the many issues in franchising.

“This tour came about after an extraordinary amount of interest from stakeholders in the franchising sector.

“If we are to find the best framework for the industry and take a proactive approach to this inquiry we need to speak with the whole sector.

“I am approaching this inquiry with a broad brief and an open mind and I am committed to getting to the core issues that will define improvements in franchising” Mr Ripoll said.

Mr Ripoll travelled to major cities, meeting with key figures and organisations including;

• The WA Small Business Development Corporation; • Members of the SA Franchising Inquiry; • The Franchise Council of Australia; • Academics from the University of NSW; • Franchisees Association of Australia; • The National Retailers Association (NRA) and; • A number of key stakeholders in other areas.

“I am focused on listening to all of the organisations and individuals on the many issues that have been raised in the past by other inquiries and reports” Mr Ripoll said.

The franchising sector in Australia contributes approximately 14% of the national GDP and employs an estimated 600,000 people directly. Franchising is a key part of our economy and is an important employer for many mum and dad type investors as well as larger enterprises.

The PJC CFS is still inviting contributions by interested parties to the Franchising Code of Conduct inquiry with submissions due by 12 September 2008. The report is due to be tabled in Parliament by 1 December 2008.

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Media Contact: Bernie Ripoll MP (0418 763 351) or Ryan Ginard (0418 879 091)