Major parties back co-ops and mutuals for nation building

05 May 2022

BCCM advocacy has secured inclusion of co-ops and mutuals in Labor’s proposed $15 billion National Reconstruction Fund.

In a letter to the BCCM, Labor has committed that the fund will ‘have the flexibility to arrive at the most suitable investment arrangements with firms – including cooperatives and mutuals – such as through loans, guarantees and equity, including Mutual Capital Instruments and Cooperative Capital Units…The investment arrangements to be set by an incoming Albanese Labor Government will ensure that co-operatives and mutuals will be able to play a part in this important nation-building project.’

Building on recognition of co-ops and mutuals in the ALP Policy Platform for the past two election cycles, co-ops and mutuals are an important part of Labor’s policy offering across a range of portfolios.

Earlier this week it was announced, if elected, Labor will invest $39.3 million matched by the NRMA to deliver a national rollout of EV charging stations, recognising the benefit of partnering with a mutual for vital nation-building infrastructure.

Labor’s community battery and housing policies also present opportunities for growth in community-owned co-ops.

Since forming in 2013, the BCCM has built recognition and policy support across the political spectrum for co-ops and mutuals.

During this term, the Coalition Government has recognised the role of co-ops and mutuals as partners in meeting the nation’s most pressing challenges. BCCM advocacy has ensured co-ops and mutuals are eligible for the Government’s Modern Manufacturing Initiative, are exempt from the Franchising Code, and have been supported with Commonwealth funding for industry-driven co-operative education and development programs in the agriculture and social care sectors.

Whoever wins the election on 21 May, the co-operative and mutual movement will be recognised in the new Parliament as a vital and trusted partner in Australia’s economic and social flourishing and worthy of policy support.

Latest news

20 March 2024

Unveiling success: The Bunya Fund Showcase and Impact Report reveal transformational results

The Bunya Fund has today celebrated the success of the first two rounds of the program with a co-operative showcase and the release of the Bunya Impact Report.
11 March 2024

Unleashing ownership, unleashing potential: The game-changing impact of The Bunya Fund

Round three applications for The Bunya Fund are now open.
29 February 2024

Australian co-ops say ACCC inquiry can help achieve greater supermarket competition in regional and rural areas

The ACCC supermarkets inquiry issues paper released today expresses interest in how retail competition differs across Australia, particularly in regional and remote...