Two more franchised businesses have hit the news with Australian mortgage broking business Refund Home Loans going into voluntary administration and the tyre retailer and distributor Tyrecorp in receivership.

There are about 350 franchisees in the Refund Home Loans business, started in 2003 by Wayne Ormond. Ormond's other businesses, Refund Real Estate and Refund Financial Planning, are not affected.

Distributor and retailer Tyrecorp is the latest casualty in the Australian automotive industry. The 40-strong retail chain (33 are franchised), is now for sale .

A spokesperson for the receiver, PPB Advisory told Franchising "The expression of interest is now open, and closes on Friday 28th October. It's business as usual. At this stage we are undertaking a review of the business."

The SVP Group has been appointed to handle Refund Home Loans but was unavailable for comment at time of press.