Ann: Half Yearly Report and Accounts including Appendix 4D, page-5

I hope you're right Pioupiou about the expense reductions (there was no mention of a specific this in their forward statements or intentions). When reading the corporate costs last annual report I told myself that the increase was likely to be a one off due to the the government reviews they were going through and investments in IT systems. I was disappointed to see further increases for this half year.

Although part of me is ok with seeing more investment in risk assessment - hopefully they do their jobs well and add value. I'm a bit negative about the Australian economy in the medium term so this investment may well be prudent.