I did try and listen but was looking after grandchildren, so...

I did try and listen but was looking after grandchildren, so dipping in and out. There were a lot of questions asked

- most of the book wasn’t hedged
- previously they had used equity for funding, now predominantly borrowings, so that makes them more vulnerable to rapid increases
- NZ is an issue, with bad debts escalating there, although generally confident of containing bad debts, because they have been improving quality
- generally NZ won’t be contributing to growth but they feel they will continue growth in Australia by taking market share from competitors
- they haven’t provided at all for any ASIC fines as yet
- while there will be some ongoing costs for the Cyber security etc work they are doing in subsequent FYs , the majority of the cost is in FY24
- strong employment means people are still managing their debts without too much of an issue

They have promised more info about FY24 at the AGM when they have more months of trading to allow them to project more accurately. They have suggested emailing them with questions that if you need more insight.