Franchising update: Annual franchisor compliance during COVID-19

Event Details

On-demand webinar

Australia | 1 CPD point

In this webinar we will discuss some key issues you must consider when updating your disclosure document in the context of the COVID-19 pandemic. This will include the additional challenges around the preparation of financial statements and disclosure of costs and earnings information.

Many marketing fund statements will also look different this year, whether as a result of fee relief given in relation to marketing fees, or because there has been less marketing undertaken in the past few months. In some cases, marketing funds may find themselves in deficit and facing an ongoing shortfall in income over the coming year. We will discuss how to ensure the marketing fund statement contains meaningful information to assist franchisees to understand the sources of income and the expenditure of the marketing fund over the past financial year, along with some tips around managing the impact of COVID-19 on the health of your marketing fund.