Big Sky to vote on joining Australian Unity
Members of Big Sky Credit Union will soon cast their vote on the proposed mergers and acquisitions with Lifeplan Australia Building Society, a wholly-owned subsidiary of Australian Unity.
Under the terms of the proposal, the products and services currently offered by Big Sky would be continued by the combined entity, which would be renamed Big Sky Building Society.
The new entity would have an estimated 34,000 customers with $650 million in gross assets.
The vote will be cast at a meeting in Melbourne on 23 February, with 75 per cent of Big Sky members required to vote in favour of the proposal for it to be approved.
Chief executive officer of Big Sky Tony Ryan said information meetings have been held for Big Sky members around Australia about the proposed merger, which has the support of all its directors.
"Members would immediately have access to an Adelaide service centre and we would seek to establish further centres in Western Australia, South Australia, Queensland and Victoria over time," Ryan said.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
