Ann: Open of Retail Entitlement Offer and dispatch of Information, page-6

Arsenal, your understanding is correct
Good chance they'll scale back the 33% - happened to me with Cochlear
They just pay back the money - With COH that went back in to my bank account nominated for dividends
Not sure they will transfer back to same account as you Bpay from - I think you might need an account to be registered with the company
If not they will send you a cheque, old school I know - but all that should be spelt out in the offer you get