Watch BCCM CEO Melina Morrison with Adam Creighton on Your Money, Monday 8 October.
BCCM CEO Melina Morrison was quoted in The Australian in an article discussing the government pushing ahead with laws aimed at freeing up the mutual banking sector from unnecessary regulations.
Australian ICMIF member, the BCCM warmly welcomed the publication of draft legislation that will begin the process of modernising the Federal law for mutual businesses in Australia.
Australia’s Business Council for Co-operatives and Mutuals (BCCM) has welcomed proposals to give new legal recognition to the co-op model.
‘And compounding the problems, the decline of mutuals and co-operatives — which may have had too few incentives to operate efficiently, but equally had few incentives to enrich themselves at their members’ expense — deprives those who have little ability to look after themselves of what was once a reasonably safe and simple choice, as does the shrinking role of charitable providers in aged care.’