Published: 26 November 2015
The Business Council of Co-operatives and Mutuals has just released a report based on research undertaken by the University of Western Australia -2015 National Mutual Economy Report Incorporating the Top 100. This is the second annual report on Australia's co-operatives and mutuals. Summary financial performance of the top 100 2013/14 (AUD$):
Annual Turnover (gross) $27,633,215,874
Assets (gross) $109,445,800,694
The top co-operative or mutual in Australia is WA's CBH Group with an annual turnover of $3.94 billion for FY 2013/14. Victoria's Murray Goulburn Co-operative Ltd is second with an annual turnover of $2.95 billion for FY 2013/14.
The Top 10 co-operatives and mutuals in Victoria - Murray Goulburn Co-operative Co Ltd, Australian Unity, RACV,GMHBA Limited, Australian Scholarship Groups, Bank Australia, Latrobe Health Services Ltd, Victoria Teachers Mutual Bank, Defence Bank and Police Credit (BankVic).