CP 210 Demutualisation approval procedure rules: Minimum member participation requirement

Released 11 June 2013. Comments closed 5 July 2013.

This consultation paper sets out our proposals on the approach ASIC should take when considering requests by credit unions to cease the effect of the 25% minimum member participation requirement in the ‘demutualisation approval procedure rules’ contained in their constitutions.

We seek feedback from credit unions, their members and legal advisers, relevant industry associations and other interested parties.

Download CP 210 (PDF 135 KB) | Read the media release

Read the report on submissions

There was one non-confidential submission to CP 210:

Customer Owned Banking Association (PDF 228 KB)

Last updated: 11/06/2013 12:00