Hi Matt,
Thanks for sharing your experience.
There is a strong case for undertaking the development of an Operations Manual - and you elude to it in your post.
The process created an environment for you to question and explore the full scope of your operations - as a result I suspect you have a much better '3 demensional' understanding of your business. I have no doubt during the process you discovered and had to address potential weaknesses - which may have had a detrimental impact on your business.
Similarly, I suspect you were able to identify and further explore opportunities / capabilities on which to capitalize.
No doubt most people on first viewing the CASA requirements, will have a 'knee jerk' reaction and complain of a bureaucratic philosophy. Whilst I understand the charter of CASA regarding 'safe operations' of the industry - the process and output of the operations manual provides a significant level of protection to my business.
Fore example, in most states of Australia the current Workplace Safety legislation creates offences / leading to possible prosecution 'where others' may be injuried as a result of my work activity - this is not constrained to employer / employee relationships.
Whilst we carry public liability insurances - this does not provide protection from a criminal prosecution per the above legislation. The current maximum penalty in most states now being $3m for the organisation & $600k for individuals.
A well thought out / implemented management / operations system should minimise both the likelihod of an incident and provide some defence should criminal / civil action be instigated.
Cheers
Mark