It would be a surprise to see signifiant credit losses on BNPL wind-down.Little things (which includes bundll) was down to only $43.9m outstanding at 31-Dec and with lower recent volumes is likely lower again now - yet net losses on this are at normal levels.The FY23 numbers will be contaminated with this but beyond should be clean.As they say there's nothing wrong with being wrong but there is in staying wrong.
Bundll Down Forever?, page-10
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