The 27-year-old model stepped out at two events over the last couple of days to proudly show off her amazingly bold new do'.
Attending the Crown IMG Tennis Party in Melbourne on Sunday, Franklin showed off her incredible figure in a bright orange cut-out dress with a plunging neck, while rocking her new pixie cut.
The race day event was attended by a host of celebrities including Ruby Rose, Kate Waterhouse, Bambi Northwood-Blythe, Richard Wilkins and Olympia Valance.