Charts, page-35

Sounds accurate, since they previously received RBA+0.75%, but recently renegotiated to RBA+0.8%. Previously they also paid out some amount to clients, but not lately with the RBA rate being so low.

Trades were up 11.6% and client cash up 11.7% QoQ, so the proportions would have stayed the same between those last 2 quarters, but yes, the proportion was changing from 50% interest revenue previously to less now (my numbers estimate it at 23.3% lately). That was mainly due to RBA rate cuts, and the number of trades per trader per month rising during COVID.

At least interest income is close to bottoming. RBA rates can't fall much further, and cash per active trader is no longer very elevated.