Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) Subclause 8(1) of the new code does not apply if a franchisor has an existing disclosure document.
(2) If a franchisor has an existing disclosure document:
(a) the existing disclosure document may be given under the new code before 1 November 2015; and
(b) the franchisor must update the existing disclosure document so that it complies with subclauses 8(3), (4) and (5) of the new code by 31 October 2015; and
(c) the requirements of subclause 8(6) of the new code apply to a financial year that begins on or after 1 January 2015.
(3) In this section:
"existing disclosure document" means a franchisor's disclosure document (within the meaning of the old code) that exists on 1 January 2015.
"new code" means the Franchising Code of Conduct set out in Schedule 1 to this instrument.
"old code" means the Franchising Code of Conduct set out in the Schedule to the Trade Practices (Industry Codes--Franchising) Regulations 1998 as in force immediately before 1 January 2015.