Australian manufacturers are operating in an environment where the bar is rising for what represents meaningful growth – making it increasingly important for businesses to effectively use assets, capital and their workforce. Revenue growth remains an important measure of performance, but margins, productivity, working capital and the returns generated from investment are also key.
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How productivity is shaping Australian manufacturing performance
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Lessons from AusNet’s restructure
The Full Federal Court has handed down its decision in AusNet Services Limited v Commissioner of Taxation. AusNet argued that its 2015 restructure did not qualify for rollover relief under Division 615, despite that it earlier said it did. This case serves as a reminder that once a tax election is made, it is very difficult to unwind. Careful planning and forecasting are critical.