By 2006, Transfield Holdings had reasserted itself by successfully listing Transfield Services and CharterHall, by diversifying into social infrastructure with Campus Living and by acquiring a strategic stake in Australian Biodiesel Group.
One of the key aspects that differentiated the new Transfield from the old, was the adoption of a collegiate style of management. This approach favoured active discussion, more in keeping with the expectations of modern executives. The new Transfield Holdings became a unique place to work in, a business where senior executives participated fully in decision-making, challenged and motivated by responsibilities in the outcomes that they often determined.
By 2006, the fiftieth anniversary of the establishment of Transfield Holdings, the company had re-invented its business, rekindling market confidence and steering towards new and profitable directions.