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AUSTRALIAN CREDIT UNIONS AND THE DEMUTUALIZATION AGENDA
Author(s) -
DAVIS Kevin
Publication year - 2007
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/j.1467-8292.2007.00335.x
Subject(s) - legislation , warrant , phenomenon , process (computing) , business , accounting , economics , financial system , finance , political science , computer science , law , physics , quantum mechanics , operating system
** : There is a strong prospect of widespread demutualization occurring in the Australian credit union industry in coming years. This paper explains the reasons for this phenomenon, identifies some potentially undesirable social consequences, and examines the relative merits of alternative types of demutualization process. It identifies a number of principles which warrant reflection in the design of legislation addressing demutualization processes.