THE LATEST CO-OPERATIVE AND MUTUAL NEWS, AUSTRALIA-WIDE
Keep up to date with BCCM in the news and all the latest on the co-operative and mutual sector in Australia and around the world. If you have a story you would like published, please send it to BCCM.
This is the fifth in a series of blogs by Alison Gaines, Chief Executive Officer, Gerard Daniels. She provides board governance tips for BCCM members.
Today, Minister for Health and Wellbeing Ms Meegan Fitzharris MLA officially opened the National Health Co-op’s (NHC) newest Clinic within the newly established Kambri precinct at the Australian National University (ANU).
Cooperatives and mutuals reforms unanimously supported in a win for customers, choice and competition. Mutuals recognised in the Corporations Act, have greater access to capital raising mechanisms and given flexibility to operate on a fairer playing field.
The Business Council of Co-operatives and Mutuals (BCCM) congratulates Gladys Berejiklian and the Liberal party on its win in the NSW elections. It also thanks the Liberal party for its letter of support prior to the election and looks forward to working with new state leaders to create a fairer economy for co-ops and mutuals.
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.
Teachers Mutual Bank Limited will create billions of dollars of responsible investment as it becomes one of the first Australian banks to certify its retail deposits, mortgages, and wholesale funding.
BCCM is proud to be supporting local economic development expert Micahel Schuman’s upcoming Australian tour.