It's good to be launching the year of co-operatives, not least because they come, in large part I am proud to say, out of union action
Australia has 1,800 co-operatives and 106 mutual banking institutions.
Which hold, impressively, and I think it's impressive, eighty three billion dollars in assets, and in trust, for four point six million Australians.
And as Minister responsible for the Mint it gives me great pleasure now to launch the 2012 International Year of Cooperatives Collectible one dollar coin, for which I hope a nickname, or at least a collective noun, is created by the end of lunch or the end of the day.
To read the entire speech please visit my Treasury website.