How many mutuals are there in Australia?
According to a Technical Report from the Australian Non-profit Data Project: Dimensions of Australia’s Third Sector by Mark Lyons and Susan Hocking, there were 1,996 financial and insurance mutuals in 1996. (This number included 1,822 organisations such as credit unions and co-operative housing societies, which have been listed above as co-operatives). These mutuals were engaged in providing finance, insurance and superannuation services to members. Since 1996, the number of mutuals has been reduced by demutualisation in these industries.
