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510. Australian Parliament passes reforms for co-operatives and mutuals

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Coop Name: Mutuo N° of Employees: 8
City: London
Country: United Kingdom Year of formation: 2001
Website: http://https://www.mutuo.coop/
About this coop:

Founded in 2001, Mutuo works internationally to improve the business environment for the co-operative and mutual sector by:

  • Communicating their priorities to decision makers
  • Acting as an advocate with politicians and regulators
  • Building links between mutual business leaders
  • Developing new mutual businesses
Mutuo works with some of the largest and most progressive member owned businesses in the world, our mission is to build the best possible business environment for co-operatives and mutuals wherever they operate. Mutuo’s Partners are Peter Hunt and Mark Willetts.

This is the culmination of three years’ work by Mutuo together with the Australian Business Council of Co-operatives and Mutuals (BCCM) and an unprecedented collaboration between Australian businesses.

We have worked closely with the BCCM for five years, helping to develop a strong narrative around the importance of co-operatives and mutuals in Australia. We strived to gain support from the major political parties and built a consensus in favour of a legal change for our sector, to help it grow and flourish.

The new law represents a major step forward for Australia, delivering new landmark legislation and the first positive change to the Corporations Act for mutuals in 18 years.

Mutuo Managing Partner Peter Hunt said: “The BCCM story is inspiring. In just a few years, the way mutuals are seen and understood by the government and opposition has been transformed. The Australian sector has shown how a well-executed strategy can deliver real improvements to the business environment for co-operatives and mutuals.”

Author of this story
Tom Ivey
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