Ann: Quarterly Report - October to December 2023, page-39

yes, they would have to pay $64 million of income tax between 1 July 2023 to 31 December 2023. I have said a few times on these forums, they would have had a lot of cash problems this year because of the way the tax instalments works (as they previously had losseS) plus they were paying franked dividends without franking credits in their franking account (they would have had to pay deficit franking tax on 31 July 2023). The tax instalments should settle down now where they will be paying a majority of their income tax during the financial year. Where as during 2023, because they had losses, they weren't paying income tax instalments until Jan or Feb 2023.