Australian Unity is calling on the federal government for a change in the law to better recognise the status of mutual organisations in the Corporations Act and to enable mutual organisations to raise capital through a new form of instrument, a Mutual Capital Instrument.

The federal Treasurer Scott Morrison has appointed an Independent Facilitator, Greg Hammond AO, to examine whether and how to recognise mutual organisations in the Corporations Act, after an earlier Senate Inquiry into the matter.

For a full explanation of Australian Unity’s position you can read the submission here.