Ann: FY2018 Financial Statements, page-12

Page 22, ironically right before the paragraph you quoted on the performance fee:

"i) Management fee

The Group has a formal Investment Management Agreement with BPAM as the Investment Manager to outsource key management activities for a fee of 1.20% (exclusive of GST) per annum of the Group's portfolio value. This fee is calculated half yearly and paid monthly with an initial term of 5 years. During the year ended 30 June 2018, BPAM was paid $2,438,144 under this arrangement"

I suggest you.....nah, that would just be childish of me.........