Media Releases

BCCM response to 2017 Federal Budget

BCCM response to 2017 Federal Budget

By on May 10, 2017 in Editor's Pick, Media Releases with 0 Comments

Unshackle co-ops and mutuals to help deliver Budget measures The Business Council of Co-operatives and Mutuals (BCCM) welcomes a number of the Coalition’s initiatives in this Budget, but urges the Federal Government to consider the role co-operatives and mutuals can play in delivering services more efficiently. “For the last 35 years, the co-operative business model […]

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Treasurer’s Announcement Could Unlock Thousands of Jobs and $25BN Cash Bonanza

Treasurer’s Announcement Could Unlock Thousands of Jobs and $25BN Cash Bonanza

By on March 24, 2017 in Media Releases with 0 Comments

Federal Treasurer Scott Morrison’s consultation into reforms to support co-operatives and mutuals has the potential to create thousands of jobs by unlocking cash worth at least $25 billion for a flagging Australian economy, says Business Council of Co-operatives and Mutuals CEO Melina Morrison. Ms Morrison was welcoming a decision by the Treasurer to appoint consultant […]

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SA co-operative scoops award at Australian Export Awards

SA co-operative scoops award at Australian Export Awards

By on November 25, 2016 in Editor's Pick, Media Releases, News with 0 Comments

South Australian-based almond co-operative, Almondco Australia Ltd, was named the Australian Regional Exporter of the Year for the second time in five years at last night’s 54th Australian Export Awards, hosted by Minister for Trade, Tourism and Investment Steven Ciobo in Brisbane. The co-operative of 140 growers spread across SA, VIC and NSW was one of twelve […]

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Banking inquiry report highlights need for increased competition

Banking inquiry report highlights need for increased competition

By on November 25, 2016 in Media Releases with 0 Comments

The Business Council of Co-operatives and Mutuals (BCCM) has said the tabling of the House of Representatives Standing Committee on Economics’ first report on the banking sector today again highlights the need for a strong and competitive banking sector for consumers. BCCM CEO Melina Morrison said the sector overwhelmingly supported reforms which would allow for […]

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Mutuals continue to outperform traditional banks

Mutuals continue to outperform traditional banks

By on November 17, 2016 in Editor's Pick, Media Releases, News with 0 Comments

A report released today by KPMG Australia has reinforced the fact that the customer owned banking model is thriving and is expected to continue growing next year despite regulatory constraints, revealing the strength of the co-operative and mutual sector. The KPMG Australia’s annual Mutual Industry Review found strong asset growth of 7.8%, compared to 5% […]

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Labor announces portfolio for member owned firms

Labor announces portfolio for member owned firms

By on November 10, 2016 in Editor's Pick, Media Releases, News with 0 Comments

At the BCCM’s 2016 Leaders’ Summit yesterday at Old Parliament House, The Hon. Dr. Andrew Leigh MP, Shadow Assistant Treasurer, said Labor were committed to a suite of policy reforms designed to support Australia’s co-operatives and mutuals, including a new portfolio to oversee the sector, in what is a “historic moment” for the CME sector. Pointing […]

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2016 National Mutual Economy Report: Top 100 CMEs grow by 4%

2016 National Mutual Economy Report: Top 100 CMEs grow by 4%

By on November 9, 2016 in Media Releases, News with 0 Comments

Top 100 co-operative and mutual enterprises (CMEs) combined turnover $30.5 billion (FY2014/15), with combined assets of $143.7 billion Top 100 member-owned companies turn over increasing by 4% per annum – and 18% over a five-year period Three Australian CMEs ranked in IBISWorld Top 10 The 2016 National Mutual Economy Report launched today at the BCCM […]

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Australian co-operatives gather in Québec for international summit

Australian co-operatives gather in Québec for international summit

By on October 14, 2016 in Editor's Pick, Media Releases, News with 0 Comments

CEOs and leaders from Australia’s co-operative and mutual sector are this week gathering in Québec, Canada for the bi-annual gathering of global representatives from the sector. This year marks the largest Australian delegation to attend and participate the International Summit of Cooperatives. “An issue which is experienced by co-operatives globally is the various barriers they […]

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Banking customers urged to take action with #switchnotbitch challenge

Banking customers urged to take action with #switchnotbitch challenge

By on October 6, 2016 in Media Releases, News with 0 Comments

The Business Council of Co-operatives and Mutuals (BCCM) has urged Australian consumers to proactively take matters into their own hands on the issue of banks profits and culture. Launching a playful social media campaign “#switchnotbitch”, the Council aims to prod consumers to shop around for alternative trustworthy banking choices. “What we often don’t hear is the idea […]

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IBISWorld’s Top 500 index shows ninja economy punching above weight

IBISWorld’s Top 500 index shows ninja economy punching above weight

By on September 1, 2016 in Editor's Pick, Media Releases, News with 0 Comments

Today the IBISWorld’s 2016 Top 500 index of privately-owned companies was released with the co-operative and mutual sector again demonstrating its economic strength and importance to Australia. A repeat of last year, three BCCM members make up the Top 10: CBH Group (2), Devondale Murray Goulburn (7) and HCF (9). In total, 14 co-operative and […]

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