About Mutuals

A mutual (also called a mutual organisation or mutual society) is an organisation based on the principle of mutuality. That is, people coming together to meet their shared needs. The members of a mutual are its customers, who do not usually contribute to the capital of the organisation through direct investment. Instead, they support the mutual through using its services.

A mutual is a co-operative when each member has one vote and the organisation is guided by the seven co-operative principles.

Defining Mutuality explains what co-ops and mutuals are and how they fit together as a unified sector.


APS Benefits Group logo

APS Benefits Group

The APS Benefits Group is a mutual which offers financial, legal and insurance products and services to more than 30,000 members and clients Australia-wide.

Year established: 1905

Type: Mutual

Industry: Banking & Financial Services

Australian Unity logo

Australian Unity

Australian Unity is a national healthcare, financial services and independent and assisted living organisation with over 7,000 employees providing services to nearly a million Australians, including around 260,000 members nationwide. Australian Unity’s retirement communities assist over 3,000 older Australians to continue to live as independently as possible in communities with friends and supports. Australian Unity’s history as an independent mutual dates back 175 years.

Year established: 1840

Type: Mutual

Industry: Healthcare, Insurance & Risk Protection, Private Health Insurance

Avant Mutual logo

Avant Mutual

Avant has been protecting doctors in Australia since 1893, providing medico-legal advice and defence services for over 78,000 members. Our unshakeable belief in supporting quality, safety and professionalism in medicine, is borne out through advocacy, education and funding members’ research. Products and services in the areas of insurance, wealth, legal and practice management are created exclusively and designed specifically for doctors’ professional and personal needs, and delivered through 400 staff across the country.

Year established: 1893

Type: Mutual

Industry: Insurance & Risk Protection, Private Health Insurance

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