The Business Council of Co-operatives and Mutuals (BCCM) welcomes these important policy commitments from the major parties to improve the operating environment for NSW-registered co-operatives. On the eve of the New South Wales election, both major parties have committed to ensuring parity for co-operative businesses registered in the State.
The findings and recommendations from an extensive Parliamentary inquiry into the franchising sector have been released. BCCM used a submission and appearance at a public hearing to highlight the clear differences between member-owned co-ops and investor-led franchise systems operating in similar markets.
The BCCM has called on the NSW Government and Labor Party to commit to working with the Federal Government to ensure the inclusion of State registered co-operatives in the national business modernisation programme.
The Australian Accounting Standards Boards (AASB) has published the recording and slide pack from a webinar on Co-operative and Mutual Enterprise financial reporting.
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.