Ann: IQE Intueri 2016 Annual Meeting Presentaion-IQE.NZ, page-7

Any update on this?

Also Jackie - Surprised you think it's a reasonable result when net debt has increased by $6m since Dec 15 and is above 3 times EBITDA / EBIT...?

Interested to see how the Aus business performs given the tightening of VFH recently. There have been numerous reports of VFH-based colleges closing their doors due to tightening regulations, important to IQE given its Aus business relies on VFH funding and is a significant contributor to its growth recently