Media Releases
Treasurer’s Announcement Could Unlock Thousands of Jobs and $25BN Cash Bonanza
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 […]
SA co-operative scoops award at Australian Export Awards
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 […]
Banking inquiry report highlights need for increased competition
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 […]
Mutuals continue to outperform traditional banks
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% […]
Labor announces portfolio for member owned firms
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 […]
2016 National Mutual Economy Report: Top 100 CMEs grow by 4%
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 […]
Australian co-operatives gather in Québec for international summit
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 […]
Banking customers urged to take action with #switchnotbitch challenge
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 […]
IBISWorld’s Top 500 index shows ninja economy punching above weight
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 […]
Agricultural co-operatives take centre stage at national forum
Today marks the first day of a two day national forum bringing together the agricultural sector to provide providing farmers with knowledge and materials on co-operatives, collective bargaining and other forms of collaboration. The BCCM is playing a central role at the forum with Melina Morrison, BCCM CEO hosting a roundtable workshop discussing how the recommendations […]
