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  • Co-operative Research Group Seminar
    The Co-operative Research Group at the University of Sydney has organised a seminar on 26 August 2010 with Professor Francesco Capalbo and Professor Frank Clarke. Professor Capalbo (Second University of Naples) will address The Co-operative Experience in Italy. Professor Clarke (University of Sydney) will address Co-operative case study: Death of a co-operative.
    For more information email
    Details of the Co-operative Group activities are listed on the website
  • Ownership and Australia's newest political party
    The Parents, Families and Carers Party has released a Family and Small Business and Economic Ownership Policy for the Federal election in Australia to be held on 21 August 2010. It is the only party that has developed a policy based on ownership.
  • South West Slopes Country Credit Union
    ABACUS Australian Mutuals has announced that South West Slopes Credit Union has won the distinction of being the first Australian Credit Licensee under new laws regulating consumer credit.South West Slopes Credit Union is a community credit union operating in south western NSW, including the towns of Young, Cootamundra, West Wyalong, Harden, Boorowa and Temora.
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  • Competitive Banking in Australia
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    According to ABACUS Australian Mutuals research out today revealing that three in four Australians believe the big four banks have too much market power should trigger action to promote a more competitive banking market.The Australia Institute research paper Money and power says one in five people, or three million Australians, believe that a bank with bigger profits is safer and that younger people are much more likely to believe that a bank with big profits is safer.
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  • Australian IYC Steering Committee
    The first Australian IYC Steering Committee meeting will be held in Sydney on Monday 30 August 2010. The Chairman of the Steering Committee is Trent Bartlett.  The Steering Committee is being resourced by Social Business Australia.  The IYC aims at raising awareness on the socio-economic impact of co-operatives, and for promoting the autonomous formation and growth of co-operatives. For more on the International Year of Co-operatives Steering Committee visit the web site of the International Co-operative Alliance.
  • Housing Co-operative History
    The SouthEast Housing Co-operative Ltd in Dandenong, Victoria,will be celebrating its 25th anniversary in October 2010. As part of the celebrations a booklet will be published on the co-operative.  The booklet will outline the experience of rental housing co-operatives since 1985 qand the external and internal challenges over the years. While SouthEast Housing Co-operative Ltd was formed in 2000, the co-operatives that merged at the time were originally formed in 1985.
  • Mutuality and Taxable income
    The Australian Taxation Office has published a guide on Mutuality and taxable income. The guide is for non-profit clubs, societies and associations that are taxable.  It can be downloaded as a pdf from the ATO web site.

Mutuals After Turbulent Times

Last Updated on Sunday, 30 May 2010 23:00 Written by David Griffiths Monday, 19 April 2010 02:46

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APRAThe Chairman of the Australian Prudential Regulatory Authority, John F. Laker, address to the Abacus Australian Mutuals convention on the Gold Coast, Queensland, 9 November 2009  and praises how credit unions and building societies  have gone through the global financial crisis - no breach of prudential requirements, no force majeure, continuing to grow balance sheets and continuing to earn solid profits. In his address, Mr. Laker said: that mutual building societies and credit unions in Australia were characterised by an "ongoing strength of the simple business model of mutual authorised deposit-taking institutions (ADIs) - a model built on high standards of customer service, conservative lending standards in traditional markets and strong liquidity and capital buffers."