Ann: Memorandum of Understanding with NAB Financial Planning, page-282

Of course NAB Legal would be involved and so they should have been throughout the entire process and going forward which as we are led to believe has been in transition for many months prior. The reason why this has become an issue is that it has a definite material impact to 100's of jobs here in Australia through internal NAB FP paraplanning and associated back office operation business units and wider spread implications to MLC, JBWere and associated licensees under NAB. That's why I maintain the opinion that this MOU (call it what you want) should have been officially endorsed via an ASX announcement for both IAM and NAB.