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Powerful ACCC reappoints Business School expert to influential small business and franchising committee

05 Dec 2017

The Australian Competition and Consumer Commission (ACCC) has reappointed the University of Sydney Business School’s Professor Andrew Terry to its influential Small Business and Franchising Consultative Committee for a further two years.

Professor Terry, who is the Business School’s Professor of Business Regulation, is an internationally recognised expert on franchising and has done much to promote the development of the sector in the Asia Pacific Region.

His letter of appointment was signed by the ACCC’s Deputy Chair and Chair of the Small Business and Franchising Consultative Committee, Dr Michael Schaper.

The committee provides advice and information to the ACCC on issues related to small business and franchising and acts as a conduit for information between the ACCC and the two sectors.

It is also expected to ensure that the ACCC remains abreast of emerging trends and market developments of concern to small business and franchise operators.

Professor Terry has welcomed his reappointment saying that, “franchising and small business from both a regulatory and commercial perspectives will experience considerable change over the next few years”.

Franchising is one of the success stories of the Australian business sector. It is currently worth more than $ 146 million in sales revenue annually and employs nearly half a million people.

The ACCC ensures that individuals and businesses comply with Australian competition, fair trading, and consumer protection laws.

“Professor Terry’s appointment to this important advisory committee recognises the Business School’s expertise and the relevance of its work to the Australian people and Australia business,” said the Dean of the Business School, Professor Greg Whitwell.

Professor Terry recently made a significant contribution to a critically acclaimed research handbook on the rapidly growing franchise sector.

He was one of three editors of the book titled Handbook of Research on Franchising published in the United Kingdom by the highly respected firm Edward Elgar Publishing.

Professor Terry is a former member of the Small Business Development Corporation of NSW, the Deputy Chair of Lawasia's Business Law Section (and Chair of the Franchising Committee) and Governor of the Franchise Council of Australia's Franchise Academy. He has also been inducted into the Australian Franchising Hall of fame.