Great success on franchising has been made in Australia,which is mainly due to the perfect legislation on it.Franchising has experienced a process from voluntary to compulsory codes in Australia.In 1993,a self-disciplined guidance-Franchising Code of Practice has been instituted;and it has been substituted by Trade Practices(Industry Code_Franchising) Regulations in 1998.These regulations have become the basic law on franchising including such regulations as information exposure,waiting period,franchise relations and argument-solving.These regulations will be a great value for reference to improve the legislation on franchising in China.