Released 19 June 2000. Comment closed 21 July 2000.

This policy proposal sets out an ASIC model for mutuality based on a comprehensive review of existing mutuality tests. In particular, it sets out:

• how we propose to apply the mutuality principles; and
• when we will treat a company as having a mutual structure.

In formulating the proposal, we have taken into account:

• the mutuality guidelines set out in ASIC Interim Policy Statement 147;
• preliminary industry stakeholder consultation;
• current stakeholder approaches to mutuality in each of the industry sectors; and
• APRA’s views.

Download CP 10 (PDF 171 KB) | Read the media release