An inquiry will investigate the $170 billion franchising industry after claims big companies are rorting small-time franchisees.

Major companies including 7-Eleven, Dominos, Caltex, Pizza Hut and many more will go under the microscope.

The major chains are being accused of strong-arming their franchisees and not being upfront with small business owners about the costs.

It’s been called on by Nationals Senator John ‘Wacka’ Williams.

“We do have thousands and thousands of very good franchises… plenty we don’t hear complaints about,” he tells Ben Fordham.

“To get this right for the future, I think we need to have a good close look.”

Senator Williams also comments on company tax cuts.

Listen to the interview below