Ann: ASX query letter and ISX's responses, page-96

In my opinion all the ASX had to do was ask ISX if the suspension of Principal Membership of Visa was material and what percentage of total revenue was derived from Visa transactions.

The answer appears to be that Visa is not material to ISX. That should be the end of it.

Questions need to be asked as to why the ASX is trying to make a non material event into a bid deal. Many businesses announce non material information in quarterly reports without harassment from the ASX.