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Queensland co-ops celebrate legislative boost


17 June 2020 at 5:45 pm
Luke Michael
"This legislation will not only create more awareness for the business model but also make it more accessible," a co-op leader says.   


Luke Michael | 17 June 2020 at 5:45 pm


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Queensland co-ops celebrate legislative boost
17 June 2020 at 5:45 pm

“This legislation will not only create more awareness for the business model but also make it more accessible,” a co-op leader says.   

Advocates have welcomed the passage of Queensland legislation that creates a nationally-harmonised legislative scheme regulating cooperatives nationwide.

The Co-operatives National Law Bill 2020 – which passed Queensland Parliament on Tuesday – will reduce costs for cooperatives by creating uniform regulation for the sector and bringing it in line with the rest of the country. 

The Business Council of Co-operatives and Mutuals (BCCM) believes this bill will provide Queensland entrepreneurs with a greater ability to choose an appropriate business structure, give co-ops better access to capital, and release small co-ops from needing to conduct a compulsory formal audit process.

BCCM CEO Melina Morrison said adopting this regime means Queensland will become a more attractive location to start and grow co-ops.

She said this reform could not come soon enough.

“In the aftermath of drought and bushfires, and during the COVID-19 pandemic, communities need modern business structures to enable them to work together to build local wealth, opportunity and resilience,” Morrison said.

“For years co-operatives have been an afterthought when it comes to strengthening and growing the state economy. 

“The fact that they remain a popular way to do business is testament to the relevance of co-operatives as a preferred model of business for community members working together to achieve a shared goal.”

There are more than 150 cooperatives registered in Queensland, including Nundah Community Enterprises Cooperative.

Coordinator Richard Warner said this new scheme would greatly benefit the sector.

“Co-ops have created a place where the most disadvantaged group can now create businesses for themselves for full-time employment,” Warner said. 

“This legislation will not only create more awareness for the business model but also make it more accessible.”


Luke Michael  |  Journalist  |  @luke_michael96

Luke Michael is a journalist at Pro Bono News covering the social sector.

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