The BCCM was formed in 2013 as a legacy of the United Nations International Year of Co-operatives. As Australia’s first peak body for co-operatives and mutuals in all industries we are proud of how far we come in our short history. Our strategy of uniting the sector has delivered outstanding results for all Australian co-ops and mutuals.
Timeline of achievements
The BCCM releases the 8th annual state of the sector report, the National Mutual Economy (NME) Report. Published every year since 2014, the NME Report maps the size and contribution of Australia’s co-operative and mutual business sector. It provides a longitudinal picture of the health and performance of co-ops and mutuals compared to other business sectors.
BCCM develops the first CPD course on co-operatives for accountants and legal practitioners.
BCCM develops the first induction course about co-ops and mutuals for employees.
BCCM launches the Mutual Value Mark – B Corp Certification for co-ops and mutuals.
Following a concerted advocacy campaign by the BCCM, the Queensland Government passes Co-operatives National Law becoming the final State to do so and finalising the full harmonisation of the legislative scheme for Australian co-operatives.
Following the BCCM advocacy, the Commonwealth includes co-operatives with other business structures on www.business.gov.au.
BCCM congratulated Australian Unity on becoming Australia’s first mutual to issue Mutual Capital Instruments (MCI). Australian Unity Limited announced an offer of Australian Unity Mutual Capital Instruments to raise $100 million on Friday (November 27, 2020).
BCCM releases the Resilience Report to highlight the strength of Australia’s co-operatives and mutuals in their response to the COVID-19 pandemic.
This 18-month project helped to support Australian primary producers to form new co-operatives, as well as fostered the resilience and growth of developing farming co-operatives. Co-operative Farming was supported by the Department of Agriculture, Water and the Environment through the Australian Government’s Starting Farm Co-operatives Program.
BCCM welcomes landmark changes for mutuals
In April 2019, the Federal Parliament passed landmark legislation for mutuals. These are the first amendments to the Corporations Act for 18 years that relate to our sector and open up a number of new opportunities for Federally registered co-operatives and mutual businesses to grow whilst safeguarding mutuality for future generations. The BCCM was at the forefront in advocating and developing this new law.
Government announces BCCM will receive $2.5 million and Southern Cross University $500,000 to help farmers, fishers and foresters establish and grow farm co-ops and other collaborative business models that can boost farm gate returns.
Launch of the Mutual Value Measurement
The MVM research study led to the development of a framework that helps the CME sector measure their total value creation through a set of common dimensions.
Mutual Reforms Bill
The Mutual Reforms Bill amended the Corporations Act so that mutuals and co-operatives can issue investment capital without demutualising, that passed into law on the 5th April 2019.
First AICD course
The first AICD course – Foundations of Directorship for CMEs
The BCCM reaches 50 members milestone – and growing!
Co-operative Farming funded
Government announces that the BCCM will receive $2.5 million and Southern Cross University $500,000 to help farmers, fishers and foresters establish and grow farm co-ops and other collaborative business models that can boost farm gate returns.
Establishing the Parliamentary Friends of Mutuals and Co-operatives.
Senator Bridget McKenzie, Melina Morrison and Dr Andrew Leigh
The Hammond Review into access to capital.
Senator Bridget Mckenzie, RHS; Greg Hammond OAM; The Hon. Scott Morrison; Wendy Machin, Chair, COBA; Melina Morrison, CEO, BCCM
BCCM launches annual Recognition Awards for outstanding service to the sector.
BCCM Hall of Fame Inductees received a handcrafted pin
ICA Global Board
Global board of the International Co-operative Alliance meets in Australia for the first time in 100 years.
Farming Together Program
Working with agricultural co-ops to secure the $14 million Farming Together Program.
Senate inquiry into Co-ops, Mutuals and Member-owned firms
On 17 March, the Senate’s Economics References Committee handed-down their report into their examination into the role, importance, and overall performance of co-operative, mutual and member-owned firms, which has received strong industry endorsement as a roadmap to begin to level the playing field for the sector.
Nick Xenophon (co-proposer) and Bridget McKenzie (co-proposer) flank Chris Ketter (chair) of the Senate inquiry into Cooperatives, Mutuals and Member-owned Firms
The BCCM forms National Chairs’ Forum
The BCCM holds a CME 100 Chairs’ Forum bi-annually, bringing together the Chairs of co-operative and mutual enterprises to discuss issues facing the sector and the economy more broadly. The National Chairs’ Forum has focussed on the development of governance principles for member-owned enterprises.
BCCM launches Get Mutual, a free resources website.
The BCCM Leaders’ Summit
Establishing the Annual National CME Leader’s Summit. BCCM holds the first National Leaders’ Summit and the Taste of Australia Industry Dinner is born.
Chair of the BCCM, Dr Andrew Crane is the first co-operative CEO appointed to the B20 Group advising the G20 nations.
Co-operatives National Law
The roll-out of Co-operatives National Law to reduce regulatory costs, provide co-ops with flexibility in accessing capital and reduce administrative burden of having to register in multiple jurisdictions.
Formation of the BCCM
The BCCM is formed as a legacy of the International Year of Co-operatives. It is Australia’s first national peak body for co-ops and mutuals.
Inaugural Board: Tony Stuart, Group CEO NRMA, Greg Wall, Group CEO Capricorn, Damien Walsh, CEO bankmecu, John McInerney, MD Common Equity Housing Ltd, Andrew Crane, CEO CBH Group, Peter Knock, CEO The Co-op, Melina Morrison, CEO BCCM
BCCM Inaugural Chair, Greg Wall, is appointed to the Board of the International Co-operative Alliance.
International Year of Co-operatives
National committee forms to coordinate the United Nations International Year of Co-operatives in Australia.
Social Business Australia forms assisted by Capricorn Society Ltd. It’s the beginning of a movement to establish a permanent representative body for co-ops and mutuals in Australia.