About Mutuals

A mutual, mutual organisation, or mutual society is an organisation based on the principle of mutuality – people organising 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.


APS Benefits Group

APS Benefits Group

The APS Benefits Group is a mutual which offers personal and financial products and services to more than 29,000 members and clients Australia-wide.

Year established: 1905

Type: Mutual

Industry: Banking & Financial Services


Australian Scholarships Group

ASG was established by a group of parents passionate about giving their children the best start in life through education. It offers a range of options to plan for the costs of education through contributions by members which are invested by fund managers.

Year established: 1974

Type: Mutual

Industry: Community and Human Services

Australian Unity

Australian Unity

Australian Unity is a national healthcare, financial services and independent and assisted living organisation with over 6,000 employees providing services to nearly a million Australians including some 300,000 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

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