Agree 100% that they have done a poor job explaining this but Investor relations has never been a strength of theirs - the fact that they first gave to the ASX a draft release sums it up really.
Re the accounting change I don't think these are upfront fees - page 29 of their annual report says "Some fees such as arrears, variations and default fees are recognised as they are charged and not recognised using the effective interest method. "
Not sure why they could not have spelled this out
Agree 100% that they have done a poor job explaining this but...
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