The majority voted in favour of a motion to pass the bill, which is known as giving it a third reading. This means that the bill will now be sent to the House of Representatives for their consideration.
What does the bill do?
The bill was introduced in order to:
- enable the Australian Small Business and Family Enterprise Ombudsman to appoint a mediation and franchising adviser to assist in resolving franchising disputes where mediation has failed, or where both parties agree to arbitration;
- give the ombudsman the power to assist with multi-party mediation and arbitration in franchising disputes where multiple parties have identical issues that require resolution; and
- increase the civil penalties provisions for breaching the Franchising Code of Conduct.