Good morning, everybody. In the spirit of reconciliation, Auswide Bank acknowledges the traditional custodians of the country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past, present and emerging, and extend that respect to all Aboriginal and Torres Strait Islander people today. Welcome, ladies and gentlemen, to the Annual General Meeting of Auswide Bank. My name is Sandra Birkensleigh, I'm the Chair of the company. I'd like to introduce you to my fellow directors and our company secretary. My far right is Barry Dangerfield, who's a Non-Executive Director and Chair of the Remuneration Committee. Next to him, Greg Kenny, Non-Executive Director and Chair of the Risk Committee. On my far left is Jacqueline Korhonen, Non-Executive Director. Next to her, Grant Murdoch, Non-Executive Director and Chair of the Audit Committee. To my immediate right is Bill Schafer, our CFO and Company Secretary. To my immediate left, Martin Barrett, our Managing Director and CEO. I'd also like to welcome Mark Stretton and Tom Mason from our auditors, Deloitte, in the front row. Welcome to all of our shareholders who are here today. Today's meeting is being held as a hybrid meeting, with shareholders able to attend either in person or online via the Computershare meeting platform. This format allows shareholders, proxies and guests to participate in the meeting in either a physical or virtual capacity. Virtual attendees can watch a live webcast of the meeting, and shareholders and proxies can ask questions and submit votes. If we experience a major technical issue and are unable to continue, we will adjourn the meeting and release an announcement to the ASX regarding further details of the meeting. Valid proxies received are held by Computershare. Valid proxies received for each resolution would be displayed on your screens at the relevant item of business. Please note that all valid proxies have been received within the prescribed time limits and have been admitted. I confirm that I intend to vote undirected proxies given to me as chairman of the meeting in favor of each item of business. Given that this is a hybrid meeting with shareholders able to attend either online or in presence, there are a few matters I need to run through before the formal business. Only shareholders, representatives of shareholders and proxy holders who are attending in person today and holding blue admission cards, and those attending online are entitled to ask questions or vote during this meeting. For attendees attending in person, to ask a question you will need to raise your hand when I invite questions at the appropriate time. Online attendees can submit questions at any time. To ask a question, select the Q&A icon. Type your question in the text box. Once you have finished typing, please hit the send button. Alternatively, to ask a verbal question, please follow the instructions written below the broadcast window. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Your questions may be moderated or if we receive multiple questions on one topic, amalgamated together. Finally, due to time constraints, we may run out of time to answer all of your questions. If this happens, we will answer them in due course via email or posting responses on our website. Voting today will be conducted by way of a poll on all items of business. I will shortly open voting for all resolutions. For attendees in person, on the reverse of your blue admission card is your voting paper and instructions. You'll need to follow the instructions. Mark a box beside the motion on the voting paper to indicate how you wish to cast your vote, and then lodge it in the ballot box before voting closes. Proxy holders here in person have attached to their blue admission cards a summary of their proxy votes which detail their voting intentions. Sorry, instructions. By completing the voting paper, you will be deemed to have voted in accordance with those instructions. Proxy holders who are entitled to cast any open votes will need to mark the box beside the motion to indicate how you wish to cast your open votes. For online attendees, if you are eligible to vote, press the vote icon and all resolutions will be activated with voting options. To cast your vote, simply select one of the options. There is no need to hit a submit button as the vote is automatically recorded. You will receive a vote confirmation notification on your screen. You have the ability to change your vote up until the time I declare voting closed. I now declare voting open on all items of business. I'm advised that there is a quorum of members present and declare the meeting open. Are there any apologies from anyone? No? There's no apologies received prior to the meeting. There are no apologies recorded. Jesse Yerma from Computershare has been appointed as the Returning Officer. Jesse? There she is. Thank you. I've been advised by the Company Secretary that the notice of meeting was forwarded to all shareholders on the 21st of October 2022, and taken as read. I will now present my report. I'm pleased to present the Chair's AGM address on behalf of the Board of Auswide Bank. Auswide Bank reported growth across a number of key financial metrics in FY 2022. Management of funding costs and controlled operational excellence expenditure resulted in an NPAT of AUD 26.132 million, an 8.2% increase on the previous period. The loan book grew 7.3% to AUD 3.86 billion in the financial year and contributed to a 5% increase in net interest revenue of AUD 82 million. Surging funding costs led to a reduction in the NIM by 6 basis points, ending the year at 194 basis points. The final fully franked dividend of AUD 0.21 per share represented a payout ratio of 73.1% of NPAT, excluding non-recurring items. Capital remains strong at 12.9%. The FY 2022 final dividend was fully underwritten, with funds raised further strengthening the Tier 1 and total capital, ensuring Auswide is well-placed for future growth and investment. Ongoing profit growth and prudent capital management enabled a total FY 2022 dividend of AUD 0.42 per share, demonstrating shareholder value. Sustainability continues to be a core consideration for Auswide Bank. Over the year, we implemented a sustainability and strategy framework centered on six key pillars to guide our approach in aligning our business objectives with our ESG responsibilities. Auswide Bank released our first sustainability report in 2022. We will continue our ongoing engagement with stakeholders to advance our commitment to environment, social, and governance priorities. Outlook for FY 2023. Despite the volatile macroeconomic environment with rising inflation, interest rates and cost of living increases, the loan book continues to grow profitably. Auswide is well prepared for the macro tailwind of Australians looking to refinance as fixed interest rates mature and expire. We continue to manage risk and subscribe to prudent loan underwriting standards, coupled with strong governance, a sound culture, appropriate internal controls, and clear accountabilities. To date, added economic pressures have not adversely impacted our arrears, which continue to remain steady at low levels. Auswide's heightened strategic focus on customer experience and products has increased home loan support and retention for existing customers. Retail banking continues to be competitive and our digital and physical offerings support customers in this space. While broker lending and our Private Bank portfolio contribute to the diversification of the loan book. Auswide is committed to enhancing our response to cybersecurity, with ongoing investment being made to ensure our customers benefit from robust protections to safeguard against the risk of increasingly sophisticated scams and fraud. Our strategic plan outlines the need for targeted investment into the exploration of digital niches in order to deliver capabilities across automation, customer choice and acquisition through partners. I would like to acknowledge the focus and commitment of the Board of Directors, together with our Managing Director, Martin Barrett. As a board, we have remained committed to delivering long-term, sustainable, profitable growth to drive shareholder value. Barry Dangerfield will not be standing for re-election at this year's AGM and will continue his service on the board until his resignation at the end of this year. I would like to express our thanks on behalf of the board to Barry for his insight, guidance and significant contribution to the board over the past 11 years, we wish him well in his future endeavors. Our people are our most valuable asset and I would like to acknowledge the management and staff of Auswide for the contribution they continue to make to our business and our customers. Finally, to you, our shareholders, thank you for your ongoing support as we work towards delivering profitable and sustainable returns. I would now like to invite our Chief Financial Officer, Bill Schafer, to present the FY 2022 overview. Thank you, Sandra, and good morning, everyone. I'm going to present the financial overview. I'm drawing on some of the data that Sandra has already provided and giving you a bit more detail. We're pleased to provide the overview of financial year 2022 and advise that Auswide has continued its track record of delivering profitable growth. The highlights on page six disclose the 8.2% increase in statutory NPAT to AUD 26.1 million. This was up on the previous record NPAT reported for financial year 2021 of AUD 24.15 million. NPAT, excluding non-recurring items, was up 3.3% on financial year 2021 to AUD 24.956 million. The record NPAT for the financial year was based on profitable growth with the loan book up 7.3% to AUD 3.855 billion. The home loan book increased 8.3%, which exceeded the reported system increase for housing credit. The ongoing strategic investments, coupled with our management of operational expenses, resulted in a cost-to-income ratio of 61.1%. This was up just marginally from 60.1% in the prior corresponding period. This was in conjunction with the 6 basis point decrease in the net interest margin down to 194 basis points from 200 in the prior year. Pleasingly, we saw customer deposits increase by 4.3% to over AUD 3 billion. From an earnings per share perspective, we saw the earnings per share up AUD 0.038 to AUD 0.605 on a statutory basis, and up AUD 0.011 to AUD 0.578 if you exclude those one-offs. The return on equity, we're proud to announce, has increased to 9.8%, up from 9.7% on a statutory basis. The total dividend, as Sandra explained, for the financial year was AUD 0.42, up AUD 0.02 on the prior year. The loan book details are included on page seven with growth in the home loan book to AUD 3.7 billion, which is above system for housing credit. The total loan book, as I said, at AUD 3.855 billion. We can report that based on the growth in this year to date for this half of the financial year, we're projecting a total loan book in excess of AUD 4 billion at AUD 4.075 billion by the end of the first half in December. In addition to the above system loan book growth in the current half, we've also seen an increase in our net interest margin. Our expectation is that the net interest margin will be at least 202 basis points by the end of the first half, up from the 194 basis points that we reported at June 30. Total home loan approvals reached a record level of over AUD 1.1 billion in the financial year. This was driven by our ongoing investment in the broker channel and the success of our Private Bank. Auswide Bank's Private Bank offers a quality service built on customer referrals and relationships. The service and quick turnaround has contributed to growth in the Private Bank, which increased to over $350 million across the financial year 2022. The funding mix on page nine discloses the 4.3% growth in customer deposits at 73.2% of our total funding. The highlight was a 21.4% increase in the lower cost at call savings accounts, which went from $1.44 billion-$1.75 billion. The funding strategy of the bank will be a continued focus on customer deposits and management of the spreads on wholesale funding. Deposits are sourced through Queensland's branch network as well as partnerships in our online capabilities. This strategy will assist the strength of the NIM and the funding required as the first tranches of the RBA Term Funding Facility become payable at the end of this financial year. Quality lending and risk management remain a focus of the bank as the loan book grows. The loan book quality is demonstrated on the arrears slide on page 10. Total arrears were just $6.9 million at the end of financial year 2022, representing a historically low 18 basis points of the total loan book. This compares to arrears of 25 basis points in the prior year. The greater than 90-day arrears were just 8 basis points at the end of the year. Adding further quality to loans were advanced payments, which equates to more than 5% of the loan book at $206 million. We can also report, as we project into this financial year, that as at the end of September, our arrears were maintained at that historically low level of just 18 basis points of the loan book. At the end of 2021, Auswide's Sustainability Committee was appointed to formalize the development and embedding of the bank's ESG, environmental, social, and governance policies and activities. The committee has advanced the sustainability activities of the bank and highlighted those which were already in place. Our vision of ethical banking for our communities focuses on our actions and responsibilities for customers, our people, and the communities in which we do our business. Our environmental technology and data, as well as financial responsibilities are key pillars for this sustainability. Our first sustainability report is now available on our website. Across the next half year, the sustainability committee will focus on measurable targets and results for our six key pillars. This will enable the board and management as well as our customers, our staff, and shareholders to monitor the progress of our sustainability journey. In summary, we're pleased to support that Auswide's strategic plan has returned an NPAT of AUD 26.1 million. While ensuring strong loan book growth, which has been profitable and of high credit quality. Although the NIM marginally retracted across the financial year, this compares more than favorably with our peers. The board declared a AUD 0.21 final dividend with an underwritten DRP, providing a AUD 0.02 increase in the total dividend for the year while preserving our capital for growth and investment. Thank you. Thanks, Bill. I'll now hand to Martin Barrett, our Managing Director and CEO, for his report. Thanks, Chair. Hello, everybody. Welcome. Good to see you all here this morning. Bill, I think, has done a great job just taking you through the financial story for Auswide over the course of the last year, and I think it's been a pretty strong story. We've seen another step forward in terms of our performance. We're seeing growth in terms of our home lending, which is key in terms of delivering our revenue. Pleasingly, we're seeing that contribute to our profitability. Getting loan growth and profitability moving in the right direction has not been an easy thing in the environment that we've been through. We've been getting that mix right, which is, which is good. We've been working on a number of things. I wanna talk a little bit about our distribution. I wanna talk a little bit about some of the things that we're gonna be focusing on over the course of this year and a few years beyond. We've been working on our brand. Our brand is really important to be able to get out to the marketplace. Customers, our existing customers, but new customers can consider Auswide as an alternative to the primarily Big Four or big regional banks. One of our key plays there, of course, has been the investment in the Queensland Maroons and on the front of the jersey. If you're a Maroons fan, you would have seen that. If you're not a Maroons fan, you probably would have ignored it. Nonetheless, it's got our brand out there in a very broad way, and we've seen that as being a very successful investment. Unfortunately, next year will be our last year on the jersey for the Queensland Maroons. The NRL have done a deal with a national bank. I won't say who that is, it's a New South Wales bank, so boo, hiss. They'll be on the front of the Maroons jersey from 2024. I think it's done its job for us. We have today 6 points of distribution. We're very much different to the bank we used to be, where primarily it was a branch-based distribution, and we were very, very strong through regional Queensland. We still are strong through regional Queensland, and we've still got that branch network, 17 branches across Queensland. We have invested, and we've broadened that distribution to be more attractive to more customers. Outside of branches, today we're selling our products digitally, deposit products, and lending products via digital lending platforms. We have Queensland-based lenders that will see you and service you from branches or from your home. We have a national distribution of home loan brokers. In today's market, some 70% of home loans are now effectively referred by home loan brokers. It's critically important that Auswide is in that space and Auswide is performing well in that space. It's been a material part of where we've been concentrating our attention, and we've been working very hard to become well-known across the broker space, but also servicing those brokers really well. It's been part of our success over the last few years. You'll see on this slide that step change in terms of the amount of settlements that we're doing from a home lending perspective. We're now in that territory where we're settling over AUD 1 billion of home loans every year. Five years ago, we were settling around about AUD 500 million of home loans per year. That growth story and that step change for us has played through and is incredibly important for our future. We've got a growing group of partners. These are those that may help us to distribute our products and services where values are aligned. Of course, we developed some four years ago a Private Bank, and that has been highly successful for us. It's moved from an AUD 0 base to over AUD 300 million of lending today. We have such a rich group of customers from medical professionals to actors to ex-sporting names, lawyers and so forth, that are in our Private Bank. Pleasingly, the Private Bank is demonstrating a really strong level of organic growth, customers referring new business to us. That's exactly what we want for future success in that space. We're in very good shape. We've built a strong platform on which we will continue to grow. In many ways, we're defying what it means to be a small bank in this current environment. Our performance in terms of return on equity that Bill has mentioned actually is sitting higher today than most of the larger regional banks, and certainly sits significantly higher than any of the mutual banks that might be of a similar or even larger scale to us. We've been working to achieve efficiency in our back office. How we can continue to improve things, improve the service level we're giving to our customers, investing in the right technology to improve that turnaround time and that speed to yes in terms of home loans. We've also been working very, very hard in terms of getting the right technology out to our customers and getting the balance right in terms of the investment and ensuring that that's leading to the returns that we require from that investment. I'll jump to the next slide if I can. The environment, I think is a fascinating one, and I don't need to tell anyone in the room or in the cyber world that we very quickly moved from, you know, the flat, very low inflationary environment to a fast inflation environment. We've gone from interest rates being at the RBA rate of 0.1%, rapidly heading up past three, with some forecasting that we're going to have interest rates from the RBA setting potentially as high as four, some even higher than four. That's a very, very rapid turnaround. That's a very different evolving environment for us as a bank to manage. We're managing that, I think, fairly well. As it stands today, as Bill mentioned, our arrears levels continue to be at record lows. We're not seeing at this stage any stress on that loan book. We're not seeing any elevation of calls from concerned customers, and we are not having to work to assist those customers, obviously, in ensuring that we get the best outcome for them. We'll see how that plays through over the course of the remainder of the year. We're seeing the environment incredibly competitive. The home lending market is incredibly competitive right now. There's a substantial amount of discounting in terms of home lending, and some of you may have even seen this new approach of cashback. Refinance your home loan from us to X, and we'll pay you up to AUD 6,000 for you to do that. We've not entered that cashback environment. We've stayed out of that cashback environment. We intend to continue to stay out of it. What we will do instead is continue to just make sure that we are being competitive in terms of our products. We're continuing to provide that high level of service through our brokers, that high level of service through Private Bank. If we can get our pricing competitive, not at the sharpest end, but competitive in the marketplace, and we can bolt those two other factors on in terms of that service story, then we'll continue to be successful in winning market share. As Bill mentioned to you, we've had a really great start to the financial year. We've seen record volumes in the first quarter. We expect this financial year, on the early evidence of information we have and the flows, to be a very good year for growth. The challenge will be winning in the refinance market. Sales are slowing. Refinances are up. For us to be successful there, we have to be very good at retaining our existing customers, and we have to be very good at winning new customers that want a better deal from their existing bank. To date, we've got that, we've got that mix quite well. I'll move on to the next slide if I can. We are looking to grow our market share. Over the course of the year ahead, we are looking to be at about 1.5x-2x system growth. System growth has fallen. I mean, we were up at system growth that was above 7%. System growth today is probably more like around about 4%. If we're growing above system, then it means we're actually getting that market share. Really importantly, growing your loan book without protecting your net interest margin doesn't necessarily always result in outcomes that shareholders prefer, and that's the improved bottom line and the protection or, if possible, an improvement in terms of dividend. We are absolutely focused on trying to get the balance right between our kind of funding costs across a range of different funding arms and the pricing of our, of our loans, so we can keep that net interest margin reasonably protected. We've been doing a pretty good job of that, I think, over the course of the last few years. We've not a great deal of volatility with it. return on equity is an ongoing area of focus for us. If I go back 10 years ago, we were running at a return on equity of about 5%. Today, our return on equity is nearly double that. I remember turning up to my first investor presentation to try to win over new shareholders. There was a question from the floor, "Why would I invest in my place rather, with a return on equity of 5%, when I can invest in ANZ, at a return on equity of 14%?" In the most recent set of results, we've seen Auswide's return on equity being pretty similar to ANZ's, and certainly better than our much larger regional banking peers such as BOQ and Bendigo and so forth. We've got a firm view of trying to keep our return on equity kind of at those current sort of levels, because I think that's a positive thing for demonstration of our ongoing performance. We're in the middle of our 3-year, next 3-year strategic plan. Lots of exciting things in there as we look to work on the... Improve on the work that we've already done. I am remaining pretty positive about this year and about the years to come. We've got a very strong foundation. Got a great team. I think we've got some great products, and we've got good momentum. Not a great deal that we need to change, but things we just continue to need to improve. We've got a great agenda of work to do to achieve that. Share that for me. Thank you. Thanks, Martin. Before we go to the business of the meeting, I'd like to open the floor to questions on the three reports that have just been tabled. I do have some written questions from one shareholder, which, I will address after I've called for questions from the floor. Any questions? Yes. Perhaps there's an on microphone just there. Excuse me. It was the Private Bank. What's that mean? I don't understand. Yeah, yeah. Good question. Banking lingo, yeah. So what our Private Bank is doing is it's looking to support those customers that have bigger banking requirements. Think about, you know, multimillion-dollar kind of home loans. We're not involved in advice. Yeah. We're really just involved in high-level service to those customers that demand it and have bigger banking kind of needs. We respond very quickly to those particular customers. We've been finding that a number of those customers might have a desire to go to an auction on a weekend. They wake up one morning on a Wednesday and decide they're gonna go to the auction on Saturday, and they're not getting the timely responses from their existing bank. When we're getting those opportunities to us, we're very quick to turn those around. We've got a team that jumps on that very quickly. We've also got a very close seating position between where our credit team is and where our Private Bank team is. They just keep on talking so that we can actually get some, you know, the right outcome for that customer and win them across from another bank with the right strategy. Any other questions? No. Okay. Perhaps we'll go to the three questions on sustainability. Do you want to read those? Sure. You wanna read them now or from here? 'Cause I can read them from here. Yep. I'll. These have been updated. Would you like me to read the updated one? Yes. Okay. The first question goes to the top. Is from Miss Gillian King. Question one. I was pleased to learn that this year Auswide has formed a sustainability committee and made a sustainability report. Thank you for sending me a copy. I look forward to seeing it on the company's website. What targets and measures has the sustainability committee developed that relate to ESG responsibilities? How is it measuring progress against those targets and aligning performance pay against them? Where can we see those targets? Do you want me to read them all first? Yeah, maybe because different people are going to address different parts. Yeah. Okay. The second question from Miss King. Other Australian companies, including manufacturing companies, have committed to science-based targets to stop their damage to the climate and have put in place progressive interim targets and change programs to achieve their targets for reducing the greenhouse gas emissions and achieve carbon neutrality and net zero greenhouse gas emissions. I trust Auswide Bank will be making such moves in the coming year. When in the coming year will we see Auswide's targets for reducing its greenhouse gas emissions to zero? The third question from Miss Gillian King. The Australian Institute of Company Directors Essential Director update this year has featured the need for companies to be transparent about their contributions to damaging the climate, the climate change-related risks, and the actions they're taking to reduce both the damage and the climate risks, particularly through mechanisms such as Financial Stability Board's Task Force on Climate-related Financial Disclosures. We've been talking about this for years, so I was surprised and disappointed to find no mention of it in the sustainability report. Why? The fourth one, from Ms. King. The sustainability report includes under climate change, Auswide lists the small actions it has made to reduce waste. What has Auswide done to show leadership by reducing what is likely to be its biggest source of emissions, electricity and transport, for example, specifying clean, renewable electricity in its electricity purchases, avoiding travel, specifying electric cars for any company cars? Is Auswide measuring its greenhouse gas emissions? And what reductions in greenhouse gas emissions has Auswide already achieved? I think that's the four questions from Ms. King. Yeah. Right. I'm going to ask Bill, as the executive sponsor of our sustainability initiatives, to address largely the questions as they relate to targets and greenhouse gas emissions. Yes. I'm going to ask Barry, our chair of our REM committee, to comment on how risk is taken into account in the setting and rewarding of executive remuneration. Sure. We're very much aware that Gillian's had a great interest in this and our progress. Thanks, Gillian, and has corresponded with us. We saw the need to look into our ESG risks some time ago. Martin, our Managing Director, asked me as an executive sponsor, as he said, and the chair of our sustainability committee, who's with us, Karen, to lead a group of volunteers from our staff who are very interested in this. I might add that ESG is not just about climate change. It's ESG for a very good reason. It's environmental, it's social, and it's governance. It covers a very wide range of issues that we, as members of the banking community, need to live up to and to report on. We decided a year ago when we were appointed to this committee that we weren't going to go out and make claims that were untrue. We weren't greenwashing. We were going to start from a base and build our way up. That's what we've done. The committee has looked at a whole lot of risks because this is a risk-based issue. When you look at some of the guides, for example, the Sustainability Accounting Standards Board lists the biggest risks for financial institutions like banks. It won't surprise you to know that those risks under ESG cover issues like customer privacy, data security, and selling products that are more suitable for our customers. They're the types of risks that are at the top of the list when you do your research. Now, it doesn't discredit any of the others, but we are a bank. We're not a manufacturing company. We don't have a large degree of pollution. We are a bank which mainly puts home loans into the hands of Australians so they can buy their home. Now, we don't produce large gas emissions. We concentrate on those risks in order. When we look at our environmental responsibilities, we have called out in the past that we've taken care with our recycling, with our electricity, with our usage of water, for example, and all of those things that you would expect responsible citizens, including entities like ourselves, to do. As we move forward, we already report internally on those six pillars that we called out. For example, our people, our own staff. We report to the board on a monthly basis about our staff, our turnover. We report annually on the survey that we do for our staff and how they respond. When you look at, obviously, our financial responsibilities, we are here today reporting to you on our capital, on our profitability, on our return to you as shareholders. When we look at other areas on our pillars, for example, our community, Auswide and the forerunner, the Building Society, have long supported our communities with donations and sponsorships, and they also are reported internally. Now, the question, really importantly in today's environment is our technology and data. As you can imagine, that is uppermost as a bank and a public company in our thoughts. We are investing very, very heavily in our security, in the security of our customer and their data. All of those issues are attended to and are reported to the board on a monthly, if not annual basis. Gillian's questions, however, were specifically directed at climate change. Again, we take this seriously, but as a bank, we are not major polluters. Our company has decided, although that we're small, and the science is not totally specific, over the next period, the next six months, we will be looking into, first of all, those areas that we can report publicly. As Gillian correctly pointed out, it's not part of the report that we put out. That's more narration. Rather than just put out a couple of very little numbers, we're going to come out with a full suite that cover all pillars. Of course, we can't put all public information out there, so we need to determine with our board what they're comfortable for us to put into the public arena. We'll be looking at that over the next half year and providing you, our shareholders and stakeholders, with the data that you need to track what we're doing. We do not have, as a small bank, specific gas emissions data at this point in time, but we will, as a committee, be looking into the viability of measuring that. The cost of doing so, and whether we believe that the data that we get is appropriate and accurate enough to worth to report to the public. It's a work in progress. We unashamedly say that. We're not calling out that we've done anything that we haven't. It is a step-by-step progress, and our committee are working through that. I might also add, to take into account our risk-based approach. It's very important, as you would have looked at those figures, to realize that our arrears are very, very low. We do look at risk as we manage our loans. Our risk people internally and our board look at areas like the flood-prone areas that, and as you know, across Queensland, we've had several 1-in-100-year floods in the last decade. The losses we've made have been in the tens of thousands, not significant, because we are very careful with our risk-based approach based on weather, climate, and such things as flood zone. All of these come into being in our approach as a company, as a board, as a risk citizen. I think... Is that okay? I think that was. No, no. Anything else that you can think of? No, no. I think that's fine. Barry, do you want to just address the topic of how we take risks? Sure. Thanks, Sandra. Oh, do you want this? Hang on. Yep. The performance scorecards of the executive are aligned to APRA's requirements, and that is that a maximum of 50% weighting is financial and 50% non-financial. For us, we're circa 40% financial in our weightings and 60% non-financial. In the non-financial, we cover risk governance, accountabilities, customer, staff, sustainability, and achieving our strategic plan. Built into the strategic plan is the ESG paper, which we measure people on. The weighting for strategic is set at 10%. We have introduced the ESG into the scorecards for all the executives. Thanks, Barry. Thank you. We do have a number of questions online, I might take those after we've done the business of the meeting. It's not that easy to work out where they actually slot neatly into the agenda. I might now turn to the election of to resolution one, which is the re-election of Greg Kenny as a non-executive director. Greg retires by rotation in accordance with rule 13.6 of the company's constitution and being eligible offers himself for re-election. Barry's re-election is supported by all directors unanimously. Greg was appointed to the board on November 19, 2013. He has had a long and successful career with Westpac Banking Corporation, St.George Bank Limited, and prior to that, with Bank of New York and Bank of America in Australia. At St. St.George Bank, he held the positions of Managing Director in New South Wales and ACT, General Manager of corporate and business banks, and General Manager, group treasury and capital markets. Greg's vast experience in the banking environment adds significant value to the board and to management. The votes as they currently stand for Greg's re-election are displayed behind me on the screen. Are there any questions from the floor before we move to voting on this motion? No. Are there any questions from the online about this motion, particularly? Thanks. No? No. No. Okay. Is there anyone on who wants to make, ask a question that's phoned in to ask the question? What? Are you pointing at something to remind me of something? All right. Can I proceed? Okay. Sorry, I'm just being instructed by our returning officer here. If there's no further questions, please ensure that you cast your vote on this resolution, either online or on your blue pieces of paper. The second resolution relates to the remuneration report. The resolution is to accept the remuneration report for the year ended June 30, 2022, as set out in the annual report on pages 31-41. The votes as they currently stand are displayed behind me. Before we go to voting on this resolution, are there any questions from the floor? No. I think there are some questions from a shareholder. Can you read this out? Sure. This is a question from Mr. Stephen Mayne on the remuneration report. Given the interesting discussions across a range of topics today, including on the remuneration report, could the Chair undertake to make an archived copy of the webcast, plus a full transcript of proceedings available on the company's website? The likes of Nine, AGL, ASX, ANZ, Domino's and Lendlease all produced their first AGM transcripts in 2021. Will you follow suit today? This is something IIG has been doing since 2003. Thanks for the question, Stephen. We'll certainly take your question under advisement. At the moment, the board only intends to put on the website those things it's required to put on the website. Sorry, on the ASX website, being today's presentation, a copy of my speech and a copy of Martin's speech. There are two more additional questions. Okay. From Mr. Stephen Mayne. What caused the 16% against the vote on the Rem Report? Is that just retail shareholders voting against, or did Australian Ethical or our founder vote against? Don't know that I can speak for either of those shareholders. I don't have a breakdown of the exact voters and the shares that they voted against. Is that correct? That's correct. Given the two shareholders mentioned and their number of shares, that would be unlikely. Yes. Thank you, Martin. Yeah. Yeah. We have one more question on remuneration report from Gillian King. Australian Shareholders' Association believes that companies should have a minimum shareholding for key management personnel and non-executive directors to give alignment with shareholders through a meaningful equity investment in the company. It considers that non-executive directors should. There's own shares. I think the world of owning shares demonstrating that you've got faith in the company have long passed. Personally, I have a philosophical perspective that says that I can only maintain absolute independence as a director if I don't own shares. That could be considered incorrect by some, but that's my philosophical position, and I don't intend to require my fellow directors to own shares. They can do that if they wish. Next. All the remaining questions are on financial reports and statements. Okay. Well, I might close this resolution off, then we'll go to general business and deal with those questions. Thank you. So if there are no further questions on this resolution, please ensure that you cast your vote on the resolution, either online or on the blue form. That concludes the formal business of the meeting. I'll now go to general business. We have how many questions? I think there's nine left. Nine left. Okay. Okay. Off you go. This question's from Mr. Stephen Mayne. Do any of the five main proxy advisors, ACSI, Ownership Matters, Glass Lewis, ISS and ASA, cover us? Did any of them recommend a vote against any of today's resolutions? Have there been any material protest votes? Will you disclose the proxy votes before the debate on each resolution? Why not disclose the proxies to the ASX with the formal addresses like many other companies now do to improve the timeliness of the disclosure? Do you want to address the proxy advisors? Sure. Are you happy for me to do that, Martin? Yeah. Yeah. We actually have subscribed to Glass Lewis. They had no issue with any of our resolutions and did make some recommendations which we will look at, but said there was nothing on our resolutions which would require an against vote. One of our shareholders did point out. I'm not quite sure which one of the other one it was, I don't remember. ISS. It's ISS. ISS was it. Yes. Where they did recommend against the remuneration report for a specific number of issues. We had the opportunity to respond to that shareholder outlining what we do, how our remuneration works, and our accountabilities. They decided to overrule that recommendation on voting against and voted for us. Yeah. I'll add to that. Unfortunately, that one proxy report also had inaccuracies. Yes. Obviously, we have disclosed the proxies as the resolutions were put up. We might move to the next question. Sorry, it's a bit slow. Yeah. Technology. Mm-hmm. From Mr. Stephen Mayne. We have around 7,500 shareholders, but less than 500 will have voted by the time the poll's concluded. Do you know how many shareholders voted by proxy before the meeting? When disclosing the outcome of voting on all resolutions today, could you please advise the ASX how many shareholders voted for and against each item? Similar to what happens with the scheme of arrangement, this will provide a better gauge of retail shareholder sentiment on all resolutions, and was a disclosure initiative recently adopted by the likes of Metcash, Wesfarmers Webjet, Myer, and Tabcorp. We'll only be disclosing what we're required to disclose. I don't have a list of the shareholders that voted, nor the shares that they voted. If we're not required to disclose it, we won't be disclosing it. We have another question from Mr. Stephen Mayne. Thank you for offering shareholders a hybrid AGM this year, and will you commit to keep doing this in future years to maximize shareholder participation? Big companies like Argo, BOQ, BHP, CBA, Brickworks, Harvey Norman, Premier Investments, and Seven West Media all banned online questions and voting at their recent AGMs. Well done for showing them up. What was the experience like from your end? How has the experience been, Isabelle? How's it been, everyone? Look, obviously first time we've done this. Takes a little bit more tactical management. I think we've managed to make our way through that. As to what we do in the future, I mean, part of that will depend on whether the rules change, and come and use that ban hybrid meetings. It's a little bit like being able to use Zoom for meetings now. I think they're probably part of our go forward thinking. The next question is from Mr. Stephen Mayne. I'll just read it and let you deal with it as you see fit. The RBA has printed more than AUD 300 billion since COVID hit and lent AUD 188 billion to Australian banks as virtually interest-free loans which are not payable until mid-2024. The more the RBA puts up interest rates, the more valuable this bank bailout gets, as recipients are only being charged 0.1% in interest. How much of this largesse, is that how you pronounce that? Did we get and were we comfortable with all this seemingly reckless central bank money printing? You want me to take that one? Could you? Yeah. Thank you, Stephen. That's a great question. I think the Reserve Bank did a fantastic job in terms of the circumstances it faced during COVID, when there was just a massive amount of uncertainty and providing liquidity into the system at a time when jobs were at high risk. Who knew what was gonna happen in terms of the length of lockdown? I think which was a prudent decision. You can argue as to the amount of it, I think it was a prudent decision, and it's put Australia in pretty good place. In terms of Auswide, specifically, we had access to AUD 150 million. We've held AUD 150 million of funding, which is spread over a 0.1% or 0.25%. In terms of the total proportion of our funding, it's quite small. In terms of any concerns we have in respect to being able to repay the Reserve Bank and replace that funding, we have no concerns. In terms of the effect it will have for us in terms of any margin impact, it will be relatively immaterial. Thanks, Martin. Next. Another question from Mr. Stephen Mayne. Australian Ethical is our biggest shareholder with 6.9%. Are there any constraints on who we can lend to in order to avoid being negatively screened by Australian Ethical, which has a very rigorous approach to ESG? For instance, are we allowed to make home loans to Queensland coal miners? What aspect of our approach to ESG has attracted Australian Ethical into our register? Do we refuse to lend to mining companies and gambling entities? I'll take that one as well. You wanna take that one? Okay. All right. I'll put this one just back here. Yeah. Right. We are primarily a home loan lender. In some parts of regional Queensland, we have a small number of farmers. But our game, our strategy, our focus is home lending. We don't lend to miners. We don't lend to big business. That's not our strategy. That's not our game. I think that's the simple answer to it. In terms of what Australian Ethical... Sorry. In terms of what Australian Ethical are focused on, that's for Australian Ethical. However, they have chosen to invest in Auswide. And we provide them after each set of results with an overview of our financial results like we do any other material share. Thanks, Martin. Next, Bill. Our next question from Mr. Stephen Mayne. What proportion of our new loans come through mortgage brokers? Has REA's takeover of Mortgage Choice changed the dynamics of the broker market? REA is controlled by the Murdoch family, who are the biggest media distributors of climate denialism globally through the two public companies they control, News Corp and Fox Corp. In light of this and the Murdoch family's current big push into gambling, have we thought about taking an ethical perspective and terminating dealings with Mortgage Choice brokers and REA? You go. Simple answer, no. We, Mortgage Choice, at this stage are not one of our major brokers. Do we get a deal or two from Mortgage Choice? Potentially. They're not our one of our major ones. That's kind of irrelevant to us in terms of ensuring that we are acting responsibly in terms of our responsible lending obligations, and ensuring that we are receiving quality business and supporting Australians into their homes. That's it. Thanks, Martin. This one's more of a comment. It's just, it's from Gillian King agreeing with Stephen Mayne and thanking us for running the hybrid AGM with availability for questions. I don't think there's really an answer required for that, obviously. Oh, all right. Right. One more question. One more. There are two left. I wonder if we can get them done in five minutes. Mr. Stephen Mayne. I'm a City of Manningham councillor in Melbourne's eastern suburbs, and we currently have a cash balance of AUD 94 million, with the largest deposits being AUD 26 million with CBA, AUD 13 million with Suncorp, and AUD 10 million with each AMP and Macquarie. Our average interest rate received in the September quarter was 2.32%. It would be good if we could diversify our funds with smaller banks. What is Auswide Bank's best current offer for term deposits, and do you have many Queensland councils as customers? We might get someone to give you a call. We do have a number of. Yeah. As customers. Yeah. In terms of rates, then I think it's best if Stephen reaches out to us, and we'll speak to him about getting a better deal for him from the Commonwealth Bank. Yeah. Absolutely. Last, lucky last. This is the final question I've got. Our founder, Ron Hancock, retired as managing director in 2013 and remains our second-biggest shareholder with a 5% stake worth about AUD 13 million. How do we manage our relationship with Ron Hancock and his family? Is Ron still active in providing advice or feedback or how we should run the business, and has he sold any shares over the past decade? I'll make one comment, and then I'll hand to you. We don't really comment on individual shareholders, and in particular, Ron and his family. They're very private people, and we respect that. One of his sons works for us in treasury, but I'll let Martin talk more particularly to the interactions we have with Ron. Ron has been excellent since his retirement. He has been there if any advice has been required. In recent years, there's been little interaction, but Ron remains supportive. Yeah. Thank you. Okay. That's all of the questions. Thanks, Stephen, for your interaction with the online system today. Lucky last from the floor. No? Okay. In that case, this concludes our discussion on the items of business. In a couple of minutes, I will close the voting system. Please ensure that you've cast your vote on all resolutions. I will now pause to allow you time to finalize those votes. The Computershare are going to collect the votes from those present in the ballot box. One over there. I now declare voting closed. The results of the meeting will be tallied and verified. We will share the outcome of the results through an announcement to the ASX later this afternoon. Thank you all for your attendance. Please join us for light refreshments. I hope I'm saying the right thing outside. I declare the meeting closed. Thank you. Thank you.