ACCC’s first class exemption
The ACCC has made its first class exemption. The option for the ACCC to make class exemptions was introduced as part of the Harper Reforms in November 2017.
The class exemption will commence in early 2021 and will allow small businesses, franchisees and fuel retailers to collectively negotiate with suppliers etc without first seeking approval.
The exemption only applies to business/independent contractors who are part of a bargaining group with an aggregated turnover of less than $10m in the financial year before the bargaining group was formed and to all franchisees and fuel retailers governed by either the Franchising Code of Conduct or Oil Code of Conduct.
For more detail see: