Some nice calculations in your posts. Where these figures could...

Some nice calculations in your posts.

Where these figures could improve is via tax treatment:
1. In the Annual Report this is $32m in accumulated losses. Many RTO's cannot access these tax losses due to either the ATO rules governing Continuation of Business Activity or ownership. But this RTO is quite unique in that there were no Vendor shares. All shares to the vendor are to be earned over M1-4. So the question remains: do we have the same ownership as represented by 50+% voting power? That may have been a decent question for the seminars doh! My l'esprit de l'escalier moment.
2. Peza offers 4-6 year income tax holidays. See: http://www.peza.gov.ph/index.php/eligible-activities-incentives/fiscal-incentives. Is there a possible tax play there to reduce our tax burden in Australia?

Anyway, food for thought.