McMillan Shakespeare well on recovery road

MMS is close to repairing its business from the political damage caused earlier this year.

McMillan Shakespeare Limited (ASX:MMS), Australia’s largest salary packaging and novated lease provider, remains in the growth portfolio following the recent election and change of government.

MMS’s share price fell dramatically following the July 16 announcement by the former Labor government that it would change the concessional fringe benefits tax treatment (FBT) of vehicle usage.

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