Both franchisors paid $16,500 fines following infringement notices from the Australian Competition and Consumer Commission.
The consumer watchdog says failing to meet registration requirements causes a power imbalance.
鈥淭he Franchising Code of Conduct applies to franchising in Australia to help address some of the problems caused by the power imbalance in the franchise relationship,鈥 ACCC deputy chair Mick Keogh said.
鈥淎 franchisor鈥檚 failure to maintain up-to-date information on the register undermines transparency for prospective franchisees, and the reliability and integrity of the (Franchise Disclosure) Register.鈥
NewsWire has contacted Cash Converters and MTA for comment.
The federal Treasury oversees the Franchise Disclosure Register, which gives free information to anyone interested in a franchise operation.
The ACCC received a $7m funding boost earlier this year to crack down on registry compliance. The consumer watchdog says the database is an important protector for small businesses.
鈥淭he requirement for franchisors to maintain accurate and up-to-date public profiles on the register ensures prospective franchisees and other stakeholders have clear and accurate information to help them make informed business decisions, including whether to enter into a franchise agreement,鈥 Mr Keogh said.
Perth-headquartered Cash Converters has about 74 franchisee-owned stores in Australia, and 79 shops are run by the corporation, the ACCC estimates.
MTA, based on the Gold Coast, has an estimated 488 franchisees across the country.