Ann: Appendix 4D & Half Yearly Report and Accounts, page-27

you could tell the shorters angle from the phone call lol - 'the quantum of your late fees as a percentage of revenue is massive!'

response 'it is still far less than other comparable finance products that are currently regulated on the market, we do not see it as an issue. late fees are collected across all industries and are a necessary part of finance'

'has ASIC requested anything specific about your numbers or figures regarding payments/late fees'

'No, they are just fact finding on the industry in general (suggested it was educational for ASIC as opposed to a witchhunt as the analyst tried to infer)'


made him go quite very quickly!