THE LATEST CO-OPERATIVE AND MUTUAL NEWS, AUSTRALIA-WIDE
In the News
‘Reg-tech’ reduces barriers to co-op creation
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.
Gig economy workers may soon own their platforms
Australia’s Business Council of Co-operatives and Mutuals (BCCM) has joined an international initiative to develop open-source technology for creating worker-owned gig economy platforms.
In Praise of the Mutual
Melina Morrison, has spoken up in defence of the humble Mutual – asking: “Would we be in this position, had the respective institutions never demutualised? While we will never know … it seems unlikely.”
Taking the pain out of co-op business models
When it comes to cooperatives, CAs can address five pain points to help clients manage the business model that is popular among not-for-profits.
The power of cooperatives in the social care sector
Robyn Kaczmarek is the founder and managing director of The Co-operative Life, Australia’s first worker-owned cooperative in social care services. She is this week’s Changemaker.
The lessons from AMP’s origins
BCCM CEO Melina Morrison was interviewed for the Leadership section of The Australian Financial Review by Deputy Editor of AFR BOSS Magazine, Patrick Durkin. In the interview, Melina is quoted as saying, "When AMP was a mutual, its single purpose was to benefit the...
Australians should reconsider benefits of mutual business model, industry lobby group says
BCCM CEO Melina Morrison spoke to ABC RN Breakfast's Fran Kelly this morning about the drivers of demutualisation and why access to capital is a first order issue for co-ops and mutuals. Listen to the...
Some tender mercies, but feds fall short of full support for co-ops
BCCM CEO Melina Morrison writes that the federal government must act to unlock the power of social care co-ops and empower caring millennial entrepreneurs.
Fears big banks’ bonus system leads to poor conduct
“Bonuses linked to listed shares necessarily shift the focus from customer outcomes to profit maximisation,” said BCCM CEO Melina Morrison.
PC human services report does not go far enough, says co-ops supremo
The co-op is a good operating structure for human services, according to Melina Morrison, chief executive of a peak body for the sector.
Australia’s first employee-led mutual wins AUS$47m contract
Public servants in South Australia are setting up an independent, employee-led mutual organisation to provide government services, in the country’s first such project.
Cooperative energy model is the missing piece in puzzle
A genuinely cooperatively owned consumer retailer is the missing part of the energy puzzle in Australia, according to the head of the Business Council of Cooperatives and Mutuals.