News Corp, QBE exit Business Council

Natalie Stirling. The challenge for Reed, however, remains his restive membership.

The BCA's activities are funded by its members — some of the largest companies in the country. In the 2017-18 financial year, the BCA raised more than $10 million in those fees.But it was only last month, shortly before Reed's arrival, one long-time BCA member decided to cut ties with the organisation citing the need to cut costs. It was Medibank Private.

CBD's sources said the BCA currently has 130 paying members, a fall from the 136 companies which were part of the organisation at the end of June last year.

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BCA committed to improving Australian business: Reed | Sky News AustraliaFormer chief executive at MYOB Tim Reed is replacing Grant King as President of the Business Council of Australia (BCA). \n\nMr Reed conceded the BCA had previously been critised for not being involved enough in conversations and at other times being too involved but assured the BCA was committed to improving Australian business. \n\n “In two or three years I want to make sure the BCA is known for that and is contributing actively to the public discourse and conversations around what sort of nation we want this to be,” he said. \n\nImage: News Corp Australia
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