Maybe there's a reason the update didn't contain any figures on arrears. Zip Master Trust holds receivables for the AU/NZ business and its monthly investor report showed >90 day arrears at 1.94% of receivables to 10 June. The comparable number for the same time last year was 1.06%. Drilling through the other bits, there's been an increase in credit limits for ZipPay, so more customers have limits and balances over $1k. These are somewhat more risky than low balances as they are unsecured credits. Anyway, everyone will have to wait for the annual result for deeper analysis.
Ann: Business Update Continuing to Execute on the Plan, page-180
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