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Co-op Profiles : VIC Last Updated: Nov 28, 2009 - 10:00:09 AM  RSS feed


Profiling Victoria's Co-operatives
By David Griffiths
Sep 6, 2008 - 7:20:59 PM

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There are very useful overall snippets of a profile of Victoria's co-operatives in a consultation document released by the Victorian Government - Regulatory Impact Statement For proposed Co-operatives Regulations 2008, August 2008. The Statement has been prepared by Consumer Affairs Victoria, Department of Justice. Read the extracts that briefly profile Victoria's co-operatives.

There are currently 751 incorporated co-operatives in Victoria. Most co-operatives do not employ staff and, therefore, rely on volunteer labour.(p i)

The number of co-operatives on the register appear to have stabilised over the last five years or so, at around 750 co-operatives, after a decline of about 16 per cent over the numbers on the register 5 years earlier. ( p 14)

The reduction from 1997 to 2002 was due to the Registrar canceling the registration of co-operatives that no longer existed. ( p 14)

The percentage of outstanding annual reports is 46.5% (or 53.5% compliant). ( p 17)

The total no of co-operatives as at 31 May 2008 was 734 and may be classified into the following categories: ( p 55)

  • Trading with shares 133
  • Non trading with shares (Government Guaranteed) 242
  • Non Trading with shares 262
  • Non Trading without shares 97

Of 308 co-operatives with revenue of A$30,000 or more per annum in any year in the period 2005/08 figures were extracted from aqnnual reports lodged by co-operatives and should be consudere indicative figures: (p 55)

Income $ No of co-operatives
$30,000-$100,000 70
$100,000-$200,000 93
$200,000-$500,000 44
$500,000-$!m 41
$1m-$2m 20
$2m-$10m 27
$10m-$100m 8

 







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