BCCM CEO Melina Morrison was quoted in The Australian in an article discussing the government pushing ahead with laws aimed at freeing up the mutual banking sector from unnecessary regulations.
Australian ICMIF member, the BCCM warmly welcomed the publication of draft legislation that will begin the process of modernising the Federal law for mutual businesses in Australia.
Australia’s Business Council for Co-operatives and Mutuals (BCCM) has welcomed proposals to give new legal recognition to the co-op model.
‘And compounding the problems, the decline of mutuals and co-operatives — which may have had too few incentives to operate efficiently, but equally had few incentives to enrich themselves at their members’ expense — deprives those who have little ability to look after themselves of what was once a reasonably safe and simple choice, as does the shrinking role of charitable providers in aged care.’
The first official governance principles for cooperatives and mutuals in Australia have been released, hoping to promote effective member-focused governance in the sector.
The Business Council of Co-operatives and Mutuals – the sector body for Australian co-ops – has organised a study visit to the UK.