Australia’s peak body for co-operative and mutual models of enterprise is calling for Australians to get behind the push to “humanise capitalism”. In light of the UN International Day of Cooperatives on Saturday, Business Council of Co-operatives and Mutuals (BCCM) joined other co-op bodies around the world in advocating for a more people-centred economy.
Today, 1 July, is the 95th International Day of Co-operatives. The message from the International Co-operative Alliance (ICA) on this day is that "[a]t a time when income inequality is rising around the world, it is good to remember that solutions for inequality exist. The co-operative model is foremost among these.
A major barrier to farmers setting up a business with other producers will be knocked down today with the launch of a free, online tool that they can use to register their business as a co-operative. The “Co-op builder” is an online template for the legal documents required to set up a co-operative in Australia.
BCCM have published a self-help manual to assist communities around Australia to use the co-operative model to raise capital: Community investment for Australian co-operatives: A Handbook.
A report released today by KPMG Australia has reinforced the fact that the customer owned banking model is thriving and is expected to continue growing next year despite regulatory constraints, revealing the strength of the co-operative and mutual sector.
The Business Council of Co-operatives and Mutuals's (BCCM) 2016 National Mutual Economy Report shows a combined turnover for the Top 100 Australian member owned businesses of $30.5 billion (FY2014/15), with combined assets of $143.7 billion.
At the Business Council of Co-operatives and Mutuals 2016 Leaders' Summit yesterday at Old Parliament House, The Hon. Dr. Andrew Leigh MP, Shadow Assistant Treasurer, said Labor were committed to a suite of policy reforms designed to support Australia’s co-operatives and mutuals, including a new portfolio to oversee the sector, in what is a “historic moment” for the CME sector.
Two leading WA co-operative and mutual enterprises (CMEs), CBH Group and RAC WA, have joined forces to launch an integrated road safety campaign to remind growers, grain carters and those sharing the road about the importance of driving safely during the busy harvest season.
Earlier this month, at the Quebec International Summit of Cooperatives, mutuals ability to raise finance and the impact of regulation in the wake of the financial crisis. Mutual banks across the world argue regulators failed to take mutuals into account when drawing up new rules.