Sector snapshot

The National mutual economy report highlights the significant contribution of Australia’s co-operative and mutual sector to the national economy. With a broad presence across various industries, particularly in financial services, health insurance, and agribusiness, the sector continues to demonstrate resilience. The sector’s enterprises play a crucial role in providing employment and services across the country, showcasing the enduring relevance and impact of the co-operative and mutual business model.

Economic impact by industry

The report details the economic impact of the Top 100 co-operatives and mutuals across different industries. Key sectors such as financial services, health insurance, and agribusiness are leading contributors, reflecting the sector’s diverse and robust nature. The financial performance across these sectors remains strong despite broader economic challenges, indicating the sector’s ability to adapt and thrive in varying economic conditions.

Economic impact by state and territory

The economic influence of co-operatives and mutuals is widespread across all states and territories, with particularly strong contributions from states with significant agricultural, financial, and health service sectors. The report emphasises the vital role these enterprises play in regional and rural economies, where they often serve as key pillars of local economic stability and growth.

Financial performance of the top 100 co-operatives and mutuals

The financial performance of the Top 100 co-operatives and mutuals reflects a steady return to profitability and growth, following a period of prioritising service over surplus during challenging times. Over the years, these enterprises have shown consistent growth in revenue and assets, driven by sector consolidation and strategic focus on long-term sustainability.

Employment and gender inclusion

Co-operatives and mutuals are major contributors to employment in Australia, providing secure and high-quality jobs. The sector is also committed to fostering gender diversity, with ongoing efforts to increase the representation of women in leadership roles. While progress has been made, there is a continued focus on enhancing diversity and inclusion across the sector.

Community investment

The report underscores the sector’s strong commitment to community investment, with co-operatives and mutuals actively supporting various community initiatives. These enterprises go beyond their business operations to contribute to societal well-being, particularly through initiatives like The Bunya Fund, which supports emerging co-operatives. This commitment to community development is a fundamental aspect of the co-operative and mutual business model.

Recommendations

The report recommends sustained support for the sector’s community investment programs and continued efforts to enhance gender diversity in leadership positions. It also suggests that co-operatives and mutuals maintain their focus on long-term sustainability and resilience, ensuring they can continue to serve their members and communities effectively in the face of evolving economic challenges.