RNT 0.00% 1.9¢ rent.com.au limited

Ann: Presentation to ASX Small & Mid Cap Conference, page-15

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  1. 9 Posts.
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    You can't 'play' with trust money, but it must sit in a bank or deposit account, where it will earn interest (at least in normal times it will earn interest).

    Under APRA APS 210 a bank should be able to treat this as retail money, therefore the bank can pay higher rates of interest.

    RNT can take a cut / margin / fee of that interest.

    Right now RNT probably won't get much for this cash, but as the amount grows, banks will pay more for the large amounts of cash (say $5,000 x 100,000 users). It is possible to make this money work harder. Interest rates will go higher eventually.


 
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