This module examines the legislation specific to the co-operative and mutual business sector in Australia. This would include the Co-operatives National Law (2012), plus the various State and Territory Co-operatives legislation and associated regulations. Co-operatives that operate as non-profit organisations, those registered under the Corporations Act (2001), but trade as unlisted public companies will also be examined along with the pros and cons of each structure. The specific requirements of financial mutual enterprises will also be examined. This will address the regulation of financial mutual firms by the Australian Prudential Regulation Authority (APRA). Comparative legal environments will also be examined with reference to legislation in other countries.
Managers who complete this module should be able to:
- Understand and demonstrate knowledge of the legislative and regulatory environment relating to co-operative and mutual enterprises within Australia and overseas.
- Assess the impact of this legislation on the establishment and operation of member owned businesses.
- Demonstrate an understanding of the role government policy can play in enhancing or impeding the growth of co-operative and mutual enterprises.
- Examine their own organisation’s compliance under relevant legislation, and then critically assess its impact with a view to identifying areas for improvement.
Lecture Notes and Readings:
- Module 5: Legislative Structures, Co-operative and Mutual Enterprises Lecture Notes.
- Co-operatives National Law Act, 2012.
- Co-operatives National Law Regulations.
- Co-operatives Good Business Guide.
- Corporations Act, 2001 (Commonwealth).
- Deller, S., Hoyt, A., Hueth, B., and Sundaram-Stukel, R. (2009). Research on the Economic Impact of Cooperatives. Wisconsin-Madison, USA, University of Wisconsin Centre for Cooperatives.
- WA Co-operatives Law Regulations.