Ann: Appendix 4D and December 2023 Half Year Financial Statements, page-34

Megan needs to go for this debacle though. Continued to approve dividends as the FD, despite not having available cash to pay liabilities which will either lead to equity / debt refinancing or distressed asset sales. Unfortunately with how cash generative the business is right now (and it is) deferment I suspect would be too long for the ATO, they'd need 2 years at current excess cash levels to pay down the $48m liability which I don't think they would agree to. They might get away with a year but not 2. At least $25m will need to be raised from somewhere either in debt / equity funding or asset sales