World Trade
Co-operative
The World Trade Co-operative is the business under which other co-operatives market their services. This is known as the Federation of Co-operatives.
Since the 1830’s Co-operatives have been an established business structure in Australia with many well-known companies either originating or continuing to be structured as Co-operatives, World Trade Co-operative is continuing this great tradition.
In Australia, the top 100 co-ops, credit unions and credit mutual firms have a member base more than 13 million people and a combined annual turnover of AUS$14.7 billion (Co-operatives Australia 2011).
Worldwide there are more than 3 million co-operatives, which have more than 219 million associated businesses as members, employ 10% of the worlds working population and account for 17.6% of world GDP.
The International Co-operative Alliance
The Co-operative is regulated under the Co-operatives national Law 2013 and the Victorian Co-operative act 1996 amended in 2014. Directors of a Co-operative have a responsibility to act in an ethical manner and to be responsible in their management roles.
Legislative Investor Protection
The Co-operative is regulated under the Co-operatives national Law 2013 and the Victorian Co-operative act 1996 amended in 2014. Directors of a Co-operative have a responsibility to act in an ethical manner and to be responsible in their management roles..
Auditor
The auditor is responsible for reporting to Department of Justice; the capacity of management and if deemed either incompetent, irresponsible or fraudulent the department has the legal capacity to replace the board. We have instigated a rigid process of monthly audit with a Department of Justice approved auditor whose role is to review not just the financial probity but also the adherence to the rules laid down by the Department of justice..