Ann: Appendix 2A, page-5

I think davidmorr is right to some extent. If you look at the recent annual report at the bottom of page 19 it states:

These Performance Rights approved at the AGM held on 26 November 2018 have not yet been issued as at 30 June 2020. It is Redflow's intention in FY2021 to cancel and reissue an equivalent long term incentive.

If you look at the LTI this refers to, I am fairly certain it is Tim Harris's Tranche 1 performance rights. These performance rights will be vested if he remains as CEO/executive of Redflow until the test date. Looking at previous annual reports I imagine this would have an initial test date in about 2 years time - which is fine by me. However this is something we are yet to have confirmed, but will be in future reports. I hope this to be the case, if not then I will take issue with it for all the reasons you mention.