July 20, 2016 | By Business Council of Co-operatives and Mutuals |
The Business Council of Co-operatives and Mutuals “2014 National Mutual Economy Report” has found the top 100 Australian co-operative and mutual businesses, including the top 10 member owned superannuation funds, had combined turnover of over $104 billion In FY 2012/13 and combined assets of $282 billion. The top 100 data is drawn directly from a study commissioned by the Business Council of Co-operatives and Mutuals and undertaken by the University of Western Australia: “Australia’s Leading Co-operative and Mutual Enterprises 2014” published by UWA as a standalone publication.
The BCCM commissioned Mutuo (UK) in 2014 to undertake a blueprint for the development of the co-operative and mutual sector in Australia, based on BCCM consultation with our membership and the wider sector. The policy blueprint outlines the tangible benefits of providing goods and services through member owned businesses and some of the specific steps government and the sector itself can take to support and grow this important part of the economy.
In Australia, the commercial and broader value of co-operatives and mutuals can typically go unrecognised. This paper sets out a framework to recognise, measure and report the total value created by these organisations. The utility of EY’s Total Value Framework is illustrated through a case study — Barossa Community Co-operative (The Co-op) — which shows how commercial value creates broader value by the dollars of revenue being recycled three or four times through the local economy and community, or as it is called in this paper, Sticky Money.