Naritas Finance
Daily Bulletin

Business News

  • Written by Media Release

BCCM welcomes focus on empowering small and medium businesses in 2019 Budget


Canberra –The Business Council of Co-operatives and Mutuals (BCCM) welcomes the extension of tax cuts on asset purchases announced in the 2019 Budget. Write-offs will now apply on assets up to $30,000, and for businesses with a turnover of up to $50 million. This will help many smaller co-operatives and mutuals improve their bottom line and make important investments.


Melina Morrison, BCCM’s CEO, said, “In this era of accountability, we are pleased Government has made provision for change in areas where there is rising demand for services. Our members who work in the aged care, disability care, health and housing sectors will benefit from the measures. Given the economic climate where the Australian and global economy are stuck in a downward trend for growth, we are pleased to see a focus on maintaining a strong economy and that the Budget includes support for small businesses and the agricultural sector. We welcome the investment in business incentives and new programs that will boost apprenticeships and address skill shortages.” 


A range of Budget measures to incentivise local land stewardship, enhance business energy efficiency, support local microgrid development and develop regional connectivity will benefit co-operatives and their members across Australia.


Ms. Morrison said, “We are pleased to see the focus the Government has placed on communities. Co-operatives and mutuals are, by their very nature, community focused with profits always going back to their members and communities.


“Government programs work best when communities are given the chance to help themselves. These measures do that, giving regional communities the chance to form resilient new enterprises and strengthen existing enterprises, including locally-owned co-ops and mutuals.”


The BCCM welcomes support for agricultural co-operatives and their members in the form of increased support for exporters and relief for farmers who have been affected by flood and drought.


As the co-operative and mutual sector is budget neutral, the BCCM remains focused on regulatory reform for its members and hope that Government will make it a priority this year.  BCCM continues to push for the following legislation:


Treasury Laws Amendment (Mutual Reforms) Act 2019, which was tabled in the Senate earlier this year. Reforms include:

  • The improved capability for mutuals to raise capital.  This will allow for more competition in the mutual and banking sector, something that will benefit all Australians. 
  • Adding the legal definition of mutual entities to the Corporations Act.  This will recognise mutuals as a legitimate business model in a highly competitive sector 


BCCM also continues to push for the inclusion of co-operatives in the red-tape busting Commonwealth Modernising Business Registers program.  Amendments to a Bill currently in Parliament would allow States and Territories to delegate administrative functions for state-registered co-operatives to the proposed Commonwealth Registrar.


The Business Council of Co-operatives and Mutuals (BCCM) is the national peak body representing Australian member owned businesses. Formed in 2013, the BCCM is led by the chief executives of Australia’s co-operative and mutual businesses in all sectors including agriculture, financial services, health insurance, retail, motoring services and human services. The BCCM works to promote the role of member-owned enterprises in the national economy. With over 2000 co-operative and mutual businesses operating nationally representing a total of 29 million memberships, the BCCM highlights the contribution co-operatives and mutuals make to economic and social development in Australia.


Running Your Own Internet-Based Clothing Company

The Internet era has completely transformed the way in which the world works. All industries have been affected by the advent of the web, from local restaurants to multi-billion-dollar international...

Eric Horowitz - avatar Eric Horowitz


Most of us in business have heard the old adage, “half of your marketing spend is wasted, but you do not know which half”.   We now no longer need that to be true. Why? Well, you see we used to ta...

Drew Bowering, Senior Director of Market Management, Expedia Group - avatar Drew Bowering, Senior Director of Market Management, Expedia Group

MoneyGram and 7-Eleven expand partnership

  MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, has renewed its partnership with 7-Eleven Australia for an additional five years, ensuring that consumers continu...

Media Release Service - avatar Media Release Service

Job security key reason staff not speaking up about workplace stress

Stigma and discrimination in the workplace continues to be a major issue, with international figures showing people would be unlikely to disclose workplace stress to their employer for fear of reper...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

How to Become a Farmer That Makes Serious Profits in 5 Steps

A career in farming can be incredibly lucrative, if you have the right tools and know-how. Here's how to become a farmer that makes big profits in 5 steps.   Australia's farm industry makes up abo...

News Company - avatar News Company

5 signs you need to update your office furniture

Sometimes it is obvious that you need to update your workplace furniture. It may be physically broken, like an office chair that has lost its ability to be adjusted up and down. Or perhaps the desks...

Belinda Lyone, General Manager of COS - avatar Belinda Lyone, General Manager of COS


The Coalition will boost support for veterans and their families

SUPPORT FOR OUR VETERANS AND THEIR FAMILIES   The Coalition will boost support for veterans and their families as part of a $63.2 million suite of initiatives to create Veterans’ Wellbeing Centres...

Scott Morrison - avatar Scott Morrison

Prime Minister interview with Natalie Barr, Sunrise

Prime Minister Scott Morrison joins me now. PM thanks for your time this morning. PRIME MINISTER: Thank you. BARR: Do we have any knowledge as to who is responsible for this devastating attack? ...

Natalie Barr - avatar Natalie Barr

Retirees Question Research for Labor Policies

The Association of Independent Retirees questions the research undertaken by the Labor Party in developing a number of their policies including franking credit refunds, negative gearing and capital ga...

Association of Independent Retirees - avatar Association of Independent Retirees


Things to Consider Before Emigrating to Australia

Moving abroad is often a big and an overwhelming decision that can hugely change your life and your future. Therefore, it is important to spend some time considering where you want to move to and rese...

News Company - avatar News Company

The Majestic City of Innsbruck

Innsbruck is the capital city of Tyrol and is the fifth largest city in Austria. It is located in western Austria between the high mountains of Karwendel Alps in the north and Patscherkofel in t...

Nico Hoffmann - avatar Nico Hoffmann

Bedsonline hosts Australian events to celebrate new brand launch

SYDNEY, April 15, 2019 Bedsonline(, the leading global provider of accommodation and complementary travel products exclusively for travel agents, has hosted a ser...

Bedsonline - avatar Bedsonline