The first official governance principles for cooperatives and mutuals in Australia have been released, hoping to promote effective member-focused governance in the sector.
The Business Council of Co-operatives and Mutuals – the sector body for Australian co-ops – has organised a study visit to the UK.
The Australian Accounting Standards Board (AASB) has published a series of co-operative and mutual enterprise FAQs on its website.
The Business Council of Co-operatives and Mutuals has released the first edition of its governance principles for co-ops and mutuals.
If you’re starting from scratch Amos recommends reaching out to the Business Council for co-ops and looking into the rules governing co-ops in Australia.
The BCCM has developed two new applications to its reg-tech constitution builder, so would-be co-ops can create correct legal governance structures for the three financial models used by co-ops – distributing, non-distributing, and non-distributing with shares.