
Mobility Mutual Ltd (“Mobility Mutual”) is a member-owned mutual providing cover for peer-to-peer car sharing
About us
Mobility Mutual is a discretionary mutual fund that was founded to provide financial protection as an alternative to insurance.
It offered discretionary risk protection exclusively to Uber Carshare’s car-sharing community, including Trip Cover and Between-Booking Cover. Mobility Mutual membership is available exclusively to members of Uber Carshare. Uber Carshare ceased operations on September 12, 2024. As a result, Mobility Mutual membership is currently not open for new memberships and no new protection products are being issued.
Expert management by members, for members
Mobility Mutual’s board manages the mutual with the assistance of Picnic Services Pty Ltd (ACN 638 145 418), a subsidiary of Picnic Labs Limited (ACN 627 271 596), as the Manager and Carshare Support Pty Ltd (ACN 163 596 530) as the Managing Agent.
The Manager has expertise in mutual management and governance. The Managing Agent acts as a risk protection product and claims service provider and membership administrator.
Mobility Mutual’s Constitution
Rights of members are regulated by the Mobility Mutual’s Constitution.
It describes the board’s powers when considering claims made by members who have acquired any of the covers offered by the mutual.
Protection issued to members is subject to the terms and conditions contained in the relevant Financial Services Guide, Product Disclosure Statement and Protection Wording for the product.
Copies of these documents and the Target Market Determination for Trip Cover and Between-Booking Cover are available on the Documents page.
Authorisation and licensing
The protection provided under Trip Cover and Between-Booking Cover is a financial product. As Mobility Mutual does not hold a financial services licence, it issued and distributed its products via Picnic Licensing Pty Ltd (ACN: 647 642 117 AFSL: 532540), (‘Picnic’).
Picnic had appointed Uber Carshare Pty Ltd (AR No: 1304798) and Carshare Support Pty Ltd (AR No: 1304799) as its Authorised Representatives and authorised them to provide financial product advice of a general nature only and to arrange for the issue of Trip Cover and Between-Booking Cover to members. More details about this relationship is in the Financial Services Guide