BCCM quoted in Insurance News today

02 May 2023

Quoted in Insurance News today: The Business Council of Co-operatives and Mutuals submission calls for reforms to reflect that sector’s contribution and benefits, and argues that demutualisation over decades has reduced the diversity of many industry structures.

“The Australian insurance industry is a good example of this and has suffered a major loss of diversity through demutualisation, with many former mutuals now part of large merged insurance groups,” it says.

The group says policies should encourage the development of co-operatives and mutual enterprises (CME) in areas where they have an important role to play or provide services not otherwise provided.

Policies should also support capital access and retention in CMEs, regulate them on equal terms, and ensure their registration is as rapid, simple and affordable as possible, it says.

Read the full article.

Latest news

23 May 2024

The impact of Fonterra's asset sales on Australian Dairy Farmers and local workers

Melina Morrison interview with Tony Briscoe on ABC's Tasmanian Country Hour about the significant implications of Fonterra's planned asset sales.
17 May 2024

BCCM says Fonterra sale another blow for Australian dairy farmers

The announcement by Fonterra that it intends to sell its Australian dairy processing assets is yet another blow to dairy farmers
15 May 2024

Co-operative sector welcomes Budget measures to boost social housing

Australia’s $40 billion co-operatives and mutuals sector has welcomed the Federal Government’s Budget initiatives to help ease cost of living pressures and address...