I think you are making comparisons with the likes of Healius etc...

I think you are making comparisons with the likes of Healius etc who take on part-time and casual workers as employees. I have no doubt that due to the current circumstances some employees would be looking at their options. I jumped ship after 13 years in that industry when I got a whiff of a takeover by a competing coy. I did not like. As Tarvold has pointed out you seem to be coming to some conclusions that are not consistent with the normal accounting practices for that industry. They were valuing debt on their books at values consistent with the historic collections modelling - check the previous statements made by PwC in their notes to the audit where they claim they were checking the historic modelling.