Investor Presentaiton
Commonwealth Bank of Australia (CBA)
partnership update
Remediation Provision
In an ASX announcement dated 8 December 2022, CBA raised the indemnity for Count Financial to $520M.
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Amount of remediation offered as at 30 June 2023 was $505M.
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Amount of remediation paid as at 30 June 2023 was $424.5M.
Count
CBA Indemnity
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In connection with the sale of the AFSL to Count Limited, CBA entered an Indemnity Deed (Deed) with Count Limited dated 1
October 2019, to cover remediation of past conduct.
The limit of the CBA indemnity (Monetary Cap) has been increased twice since the date of the Deed, utilising the adjustment
mechanism contained in the Deed.
The Deed presently has a Monetary Cap of $520 million and covers certain remediation activities that were identified at the time
of sale and for up to four years following the sale.
The timeframe for notification of any further Indemnified Conduct pursuant to the Deed will end on 1 October 2023.
All Indemnified Conduct, which has been notified to CBA will continue to be indemnified by CBA pursuant to the terms of the
Deed.
2023 Full-Year Results Presentation
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