I know it doesn't seem right.I applied for $30,000 and receieved...

I know it doesn't seem right.

I applied for $30,000 and receieved $2,700 worth. I was holding 1,000 shares.

Can I ask how many shares you were holding?

I emailed MAF and they provided this:

Thanks for your enquiry.

As stated we received strong investor demand via the SPP and hence the scale back, which I understand is disappointing.

The scale back was made on a pro-rata basis relative to existing shareholding size (ie. shareholding at the SPP record date of 14 Dec 21), as outlinedin the SPP booklet. This avoids the issue you highlighted below with harvester funds, with those holders of 3 shares or less receiving no allocation.

The table below provides an example of how shares are allocated based on a maximum $30,000 election and notional entitlement of 25% of shareholdingat 14 Dec.