They paid members using money set aside for adverse events.
This was based on legal advice.
So they did it within the law even though it may not be reasonable/ethical.
However, it was a members fund the funds would have come from members anyway. Also if you set aside money for issues or a contingency this is exactly how it should be used.
God forbid that IOOF are smarter than their public service counterparts who are paid a lot lower and can't attract the skills.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.50 |
Change
-0.005(0.11%) |
Mkt cap ! $3.018B | |||
| Open | High | Low | Value | Volume |
| $4.52 | $4.52 | $4.49 | $7.333M | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 551444 | $4.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.50 | 125862 | 87 |
View Market Depth
| Last trade - 14.42pm 28/07/2025 (20 minute delay) ? |
| IFL (ASX) Chart |