This doesn't really answer the big question IMO. Why are they so stridently against falling into line if the outcome will be very similar (or have they cherrypicked what is or will be similar whether serendipitously or not)? Why is ASIC so keen to have the accounting done under the new method? Surely that should be a very simple question to answer. But it appears it hasn't been answerable for some reason. Maybe tomorrow? Is there an open mike for questions?
Kidman's comments mentioned above are from prior to today's announcement.
Will be interesting to see if we get the answers - if it is just presented as a moral right and wrong thing then I will remain sceptical.
Ann: Market Update and Teleconference, page-13
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