The voice of Australian Co-ops and Mutuals
WHAT IS A CO-OP?
Co-operatives and mutuals are owned by their members and therefore accountable to them, not distant shareholders or investors. Co-op or mutual member-owners can be customers, employees, residents or small businesses, such as farmers.
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BCCM News & Media
Yesterday, Treasury Laws Amendment (Mutual Reforms) Bill 2019 had its first and second readings in the upper house. Federally registered co-ops and mutuals are a step closer to the passage of this Bill through Parliament with bipartisan support.
The BCCM welcomes the Government’s publication of landmark legislation that will unshackle co-operatives and mutuals, including customer owned banks, to compete with listed companies in their industries, providing greater competition and choice for customers.