OPERATING cash flow is a vital part of any business.
However, it can also be a challenge.
We are looking at ways of making it more accessible for operators to get their money back and reduce the impact of any transaction on the business.
Operators can apply to the ACCC for a refundable credit against their operating cash flow.
The ACCC can review a credit request if the amount of money is too high, or if the applicant has not provided the relevant information.
The company must provide this information and the applicant must provide evidence of the applicant’s compliance with the law.
If the applicant is not able to provide the required information or if they are ineligible, the credit will be reduced.
The credit can be used on the next day or at any time before or after the payment.
If it is applied for before the payment is made, the applicant can apply for the credit to be used in the future.
If the credit is applied after the payments are made, then the company will have to repay the credit if they do not meet their repayment obligations.
The refund will be available on the date the amount is repaid.
In the first quarter of 2018, the ACCCM made $6.1 million in operating cash flows, including interest, in relation to R6 operations.
The ACCC has published a series of measures aimed at encouraging businesses to take action to reduce their operating costs.
In 2017-18, the company reported operating expenses of $2.4 million.
As well as reducing operating costs, R6 businesses can reduce the cost of capital and reduce their financial risk.
R6 operators can also reduce their risk through the use of credit.
However, in 2018, R5 operators reported operating costs of $6 million, while R6 operated expenses of about $3 million.
In 2018-19, R2 operators reported the highest operating costs with $10.8 million in cash costs.
In 2019-20, R1 operators reported operations of $5.5 million.
The ACCCM also has several other measures in place to encourage R6 firms to take appropriate action to manage costs, including the Operational Cost Reduction Program, the Compliance Assistance Program, and the Operating Cash Flow Credit Program.
The R6 Operator Account is used to manage the operating costs associated with the business, including depreciation and the provision of capital, to meet financial obligations, and to reduce the risk associated with any financial transactions that may occur between the business and the ACC.
The Operator Account includes an R6 Account that includes cash and an R1 Account that contains an R2 Account.
The Operational Costs Reduction Program is designed to encourage the business to reduce its operating costs to achieve financial sustainability.
The operator accounts include information on how much of the operating expenses have been covered by a credit that has been applied to the operating cash balance of the business or an operating balance, the operating balance of which is the sum of the cash balance and an operating cash allowance.
The operating costs reduction program helps businesses reduce their costs by:Reducing the amount that the business spends on depreciation, operating expenses and capital.
Reducing operating costs and reducing the risk that their financial assets may become subject to the interest and other charges of the ACCAC.
Reduced risk in the short term and in the longer term by:Increasing the cash, capital and non-cash investment, including reducing the amount paid for debt repayments, reducing the loan repayments and reducing credit costs.
For more information about the Operations Cost Reduction program, visit the ACC CBA website.
In February 2018, ACCC Commissioner Michelle Grattan published the Operators Cost Reduction and Compliance Assistance program, which aims to encourage businesses to:Reduce operating costs by reducing their operating expenditure, which is their costs in terms of the cost they are paying to operate.
Reduce risk associated, in the long term, with a business by reducing the likelihood of a business being subject to interest and charges.
For information about ACCC Compliance Assistance Programs visit the Commission website.
The Business of Information and Communications Act 2010 allows ACCC and industry bodies to issue guidance to businesses on information and communications technologies.
A range of ACCC initiatives are designed to help businesses: