ABA's LICENSE

Unrestricted/Unlimited License

  • Australian Advancement Business Co-operative (ABA) has its co-operative License issued by the State Department of Justice
  • ABA has a rare license (only a few issued) and it was obtained after a vigorous process and after an extended period because of its uniqueness
  • Auditors must regularly update the State Department of Justice not Australian Securities and Investment Commission (ASIC)
  • Mandatory regular Audit reviews are undertaken to ensure compliance by a Department of Justice listed auditor
  • ABA has a statutory obligation to at all times have an asset base in excess of the capital commitment to CCU Investors