THE LATEST COOPERATIVE AND MUTUAL NEWS, AUSTRALIA-WIDE

LATEST NEWS

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.

Mutuals perform well despite pressure on margins

Australia’s mutual banks, building societies and credit unions (the ‘Mutuals’) performed well in 2019, showing strong balance sheet and lending growth despite a tough overall environment that saw a squeeze on net interest margins. KPMG Australia’s Mutuals Industry...

Dr Bruce Baskerville’s 2019 Breakfast on the Hill address

Let our co-operative spirit stand Dr Bruce Baskerville address, Friday 22 November 2019, The Ballroom, Government House, Perth Good morning everyone, and thank you Melina for your kind introduction. I wish to acknowledge the traditional custodians of the land we are...

ASIC clarifies its role in co-op fundraising

In a major step forward for co-ops, ASIC advises it has no supervisory role in fundraising under Co-operatives National Law. ASIC has advised the Business Council of Co-operatives and Mutuals (BCCM) it has no supervisory role in the offer of securities by CNL...

Heritage Bank to target growth in business banking

Heritage Bank aims to triple the size of its business banking portfolio over the next three years, as part of a strategy to diversify both product and geographic weightings, Chairman Kerry Betros told today’s Annual General Meeting (AGM). Mr Betros said Heritage would...

Limestone Coast Fishermen’s Co-operative commences trading

The Limestone Coast Fishermen’s Co-operative (LCFC), 100% owned by Southern Rock Lobster fishers, has commenced trading as of 1 October 2019. Two years ago, Southern Rock Lobster fishers approached Geraldton Fishermen’s Co-operative (GFC) interested in emulating the...

Kudos Services holds first Annual General Meeting

Employee-owned mutual Kudos Services Limited has held its first Annual General Meeting since forming in 2018. Kudos is the first public service mutual in Australia, delivering Early Childhood Early Intervention and Therapy services in South Australia. BCCM...

Michael Hampson appointed Norco Chief Executive Officer

The Board of Norco has appointed its new Chief Executive Officer - Mr Michael Hampson who will take up the role effective Thursday 3 October 2019. Since commencing with Norco seven months ago in the role of Chief Operating Officer, Michael has worked closely with the...

Raising capital in mutuals

Greg Hammond OAM delivered the keynote address at the Australian Friendly Societies Pharmacies Association Conference on 5 September 2019.

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