Tag: mutuals

Parliamentary Friends of Mutuals and Co-operatives announced

Parliamentary Friends of Mutuals and Co-operatives announced

By on April 13, 2017 in Editor's Pick with 0 Comments

A new Parliamentary Friendship group for Mutuals and Co-operatives has been announced. Melina Morrison, CEO of the Business Council of Co-operatives and Mutuals (BCCM), said that “it’s great that Senator Bridget McKenzie and Andrew Leigh MP will co-chair the friendship group. This bi-partisan chairing arrangement highlights the importance of co-operatives and mutuals to the Australian […]




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Access to capital is a mutual objective

Access to capital is a mutual objective

By on March 17, 2017 in Editor's Pick with 0 Comments

The BCCM reports strong progress on advocating for key reforms to the Corporations Act to allow Australian mutuals to raise working capital to fund growth and development. On 9 March 2017 the BCCM held a roundtable with Martin Stewart, Director of Banks, Building Societies and Credit Unions at the Bank of England’s Prudential Regulation Authority. […]




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RACQ announces purchase of 50% stake in TicketMates

RACQ announces purchase of 50% stake in TicketMates

By on February 2, 2017 in Editor's Pick, News with 0 Comments

RACQ, a BCCM member, has taken a 50% share in TicketMates, one of Queensland’s largest entertainment ticket retailers. RACQ Group CEO Ian Gillespie explained that the purchase was part of an ongoing diversification strategy to bring more benefits to members of the mutual. RACQ is already Australia’s largest reseller of movie tickets. Members of the […]




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Fair and strong: customer-owned banking

Fair and strong: customer-owned banking

By on October 5, 2016 in Editor's Pick, News with 0 Comments

Australian mutual institutions collectively make up a $98.7 billion sector that represents the “fifth pillar” of banking in Australia – the fifth largest holder of household savings deposits in Australia. And with more than 4 million members already, this sector sees growth of 6.6% per year. Apparently, more Aussie families are taking out home loans […]




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Opinion: Do yourself a favour #switchnotbitch

Opinion: Do yourself a favour #switchnotbitch

By on October 5, 2016 in Editor's Pick, News with 0 Comments

Customer owned banks (credit unions, building societies, mutual banks) do not have shareholders. They have members. To be fair, the issue of how an interest rate cut flows to mortgage rates is not as simple as just passing it on. The size of the bank, the cost of capital to the bank, current profitability; all […]




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2016 Federal Election: Co-operative policy for a more resilient economy

2016 Federal Election: Co-operative policy for a more resilient economy

By on May 23, 2016 in Editor's Pick, Media Releases, News with 0 Comments

Going into the election, the Business Council of Co-operatives and Mutuals is commending a few policy changes to all political parties. The concerns addressed here are shared by all parties and the solutions would lead to a stronger, more resilient Australian economy. In short, they are: Wind back red tape to allow start-up businesses, where […]




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Budget lays the foundations for quality jobs and sustainable growth beyond human resources

Budget lays the foundations for quality jobs and sustainable growth beyond human resources

By on May 4, 2016 in Editor's Pick, Media Releases, News with 0 Comments

The Business Council of Co-operatives and Mutuals welcomes the measures announced in the 2016 Federal Budget to support employee share schemes, self-employment, and entrepreneurship among youth. “In today’s gig economy, we are setting people up for repeated joblessness unless they are able to take greater control over their place in the workforce, by becoming co-invested, financially […]




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It’s time to create a level playing field for the co-op sector

It’s time to create a level playing field for the co-op sector

By on March 15, 2016 in BCCM in the News, Editor's Pick, News with 0 Comments

In the past few weeks, the co-operative and mutual sector has garnered a lot attention following the proposed takeover bid of the country’s largest co-operative, CBH Group. Writing in the Business Spectator, Melina Morrison, CEO of the BCCM, has called for an even playing field for the sector with shareholder-owned businesses. Pointing to the modernity, efficiency, competitiveness, […]




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Teachers Mutual Bank plan merger with NSW credit union

Teachers Mutual Bank plan merger with NSW credit union

By on March 7, 2016 in Editor's Pick, News with 0 Comments

Teachers Mutual Bank (TMB) have announced plans to merge with Fire Brigades Employees’ Credit Union (FBECU), a New South Wales based credit union that services the firefighting community in the state. Fire Brigades Employees’ Credit Union was established in 1968, and has over 7,400 members and $215 million in assets. Teachers Mutual Bank and Fire […]




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Australian mutuals lead in the way in global motor technology

Australian mutuals lead in the way in global motor technology

By on February 25, 2016 in Editor's Pick, News with 0 Comments

Australian motoring mutuals have joined forces to become the global leader in automotive analytics by hiring a team of 200 software developers in Australia and across the world. The drive is being led by the Royal Automobile Club of Victoria (RACV) with other Australian motoring organisations, including the NRMA, RACQ, RACWA (BCCM members), RACT and RASA also minor […]




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