The Corporations Act and the Banking Act do not define mutuals : ASIC and APRA say what demutualisation is, but do not define mutuality.
This blog will discuss matters concerning credit unions, building societies, co-operatives, health benefit funds and a range of other member-based organisations who consider themselves mutuals.
This blog is not legal advice.
This blog will never discuss my clients’ confidential matters.
But I will try to discuss interesting issues affecting mutuals.