---
title: "Franchise disclosure document: Schedule 1 build sheet and verification register"
url: "https://ailawframework.com/precedents/franchising-and-distribution/disclosure-document-build-sheet"
type: "precedent"
site: "AI Law Framework"
id: "a34-disclosure-document-build-sheet"
area_id: "A34"
kind: "checklist"
ai_level: "red"
version: 1
law_stated_as_at: "2026-10-17"
---

# Franchise disclosure document: Schedule 1 build sheet and verification register

> Working register for preparing or reviewing a franchisor’s disclosure document under the 2024 Franchising Code.…

Canonical page: https://ailawframework.com/precedents/franchising-and-distribution/disclosure-document-build-sheet  
Law stated as at: 2026-10-17

Site index for agents: https://ailawframework.com/llms.txt

Working register for preparing or reviewing a franchisor’s disclosure document under the 2024 Franchising Code. It lists every Schedule 1 item with its source documents, owner and verifier, plus the form, signing, update and Register obligations.

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Franchising & Distribution](https://ailawframework.com/precedents/franchising-and-distribution.md)
- Jurisdictions: Australia
- AI level: Red. Keep AI out of the decisive steps. A lawyer does the work.
- Law stated as at: 2026-10-17
- Status: Maintained. Checked on 2026-10-17 against the 6 authorities it cites, for Australia.

## When to use it

Use when a franchisor creates its disclosure document, carries out the annual update, or a lawyer reviews one. Use the ACCC’s model disclosure document guidance alongside it. Not for franchise agreements entered into before 1 April 2025 that remain under the old code’s transitional rules.

## How AI may be used

Lawyer-led. AI may build the item register and record which source document supplies each item. Every statement, especially earnings, financial and litigation disclosures, is verified by the franchisor and lawyer.

**AI may:**

- Build the item-by-item register under the Code edition the lawyer names and record the source paper for each item
- Flag items with no source, inconsistent figures, or required statements missing
- Compare this year’s draft with last year’s disclosure document and list changes

**AI must not:**

- Must not draft earnings information, solvency statements or litigation disclosures
- Must not decide that an item is "not applicable"
- Must not process franchisee personal information or financial reports in an unapproved tool

**The lawyer checks:**

- Every Schedule 1 item is answered or listed in the "not applicable" attachment
- Earnings information meets item 20 and has reasonable grounds
- Document signed, dated, with a table of contents, and the Register updated

## Authorities

- [Competition and Consumer (Industry Codes—Franchising) Regulations 2024 (Cth) s 20 (franchisor must create disclosure document)](https://www.legislation.gov.au/F2024L01605/latest/text)
- [Competition and Consumer (Industry Codes—Franchising) Regulations 2024 (Cth) s 21 (annual update within 4 months)](https://www.legislation.gov.au/F2024L01605/latest/text)
- [Competition and Consumer (Industry Codes—Franchising) Regulations 2024 (Cth) s 34 (disclosure of materially relevant facts)](https://www.legislation.gov.au/F2024L01605/latest/text)
- [Competition and Consumer (Industry Codes—Franchising) Regulations 2024 (Cth) ss 92, 93 (Franchise Disclosure Register)](https://www.legislation.gov.au/F2024L01605/latest/text)
- [Competition and Consumer (Industry Codes—Franchising) Regulations 2024 (Cth) Sch 1 (disclosure document items 1–23)](https://www.legislation.gov.au/F2024L01605/latest/text)
- [Competition and Consumer Act 2010 (Cth) Sch 2 (Australian Consumer Law) s 18](https://www.legislation.gov.au/C2004A00109/latest/text)

## Official form

[Official form](https://www.accc.gov.au/system/files/franchising-model-disclosure-document-guidance.pdf)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/franchising-and-distribution/disclosure-document-build-sheet and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*