Ms Liz Joyce:

I want to be clear because there could be some confusion between what is included in remuneration and the BIK payable. The chief executive always understood there were BIK payable expenses in 2022. There was never an issue as to whether that would be paid or not but there was a timing issue as to when it was paid. It was noted in the KOSI report as needing to be paid. In the discourse between KOSI and the FAI, there was some difference in advice in terms of how it would be calculated. It took a while to reconcile but that was eventually paid as planned.