Assistant Treasurer Michael Sukkar chaired the parliamentary inquiry.

Assistant Treasurer Michael Sukkar chaired the parliamentary inquiry.Credit:Dominic Lorrimer

Other potential changes to franchising regulation include changes to cooling-off periods including the extension of cooling off periods to franchisors.

The government has already said it will not consider the parliamentary inquiry's recommendations on unfair contract term protections,ACCC regulation of competition and consumer law,whistleblower protection and franchising in the automotive sector which it said were issues directed to independent agencies or related to other government processes.

Assistant Treasurer Michael Sukkar,who chaired the joint parliamentary inquiry,said the taskforce was consulting with the sector to inform the government's response to the inquiry.

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“While the majority of franchise relations are positive and generate mutual benefit for franchisors and franchisees,the parliamentary committee heard evidence of franchising relationships which were neither,"he said."A healthy franchising model should generate value for both franchisors and franchisees."

The government will undertake a four-week period of consultation on the issues paper which will be followed by the release of a regulation impact statement in October and a further six-week period of consultation.

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