you like me to show it to you?Yes, that would be good. Yes, thanks. It’s exhibit 19 to your statement, which is IAG.502.002.0719. You see it’s prepared by Group Corporate Affairs, June 2015 at the top?Yes. And the purpose of the memo is: ...to determine whether there’s a need for support from the policy and government team through targeted government advocacy and persuasive policy positions to ensure outcomes favourable to IAGs business interests. ?Yes. And it then goes on to talk about the background and, in particular, how there had been significant investigations into consumer credit insurance in Europe?Yes. And I it’s fair to say that those investigations were at least one of the triggers for ASIC investigating in Australia?Yes. And then is quite a bit of discussion in this memo about different aspects of consumer credit insurance. And do you recall it notes some product design issues. I don’t want to take you specifically to them?Yes. But it that there are some product design issues?Yes. It notes that there are conflicts in the remuneration practices for the sale of the products. And it suggests that what is required is an IAG-wide approach to the issue rather than a business by business approach?IAG, yes, that’s right. Yes?That’s right. you. On 11 June 2015 you emailed Stuart Chapman. You’ve exhibited that to your statement as well. It’s exhibit 1, which is IAG.500.100.5078?Yes. And in the email which you will see when it comes up, you are seeking to understand any dialogue Swann may have had with any regulators over the last 12 to 18 months?That’s right. And I suspect you’re taking that step because it was what May ?May of May you came into the business?May of 2015, yes. So you’ve been in the business for a month or so?Yes. At this in time. And you’re seeking to understand the extent to which regulators have been interested in Swann?Yes, I was aware generally of industry
you like me to show it to you?Yes, that would be good. Yes, thanks. It’s exhibit 19 to your statement, which is IAG.502.002.0719. You see it’s prepared by Group Corporate Affairs, June 2015 at the top?Yes. And the purpose of the memo is: ...to determine whether there’s a need for support from the policy and government team through targeted government advocacy and persuasive policy positions to ensure outcomes favourable to IAGs business interests. ?Yes. And it then goes on to talk about the background and, in particular, how there had been significant investigations into consumer credit insurance in Europe?Yes. And I it’s fair to say that those investigations were at least one of the triggers for ASIC investigating in Australia?Yes. And then is quite a bit of discussion in this memo about different aspects of consumer credit insurance. And do you recall it notes some product design issues. I don’t want to take you specifically to them?Yes. But it that there are some product design issues?Yes. It notes that there are conflicts in the remuneration practices for the sale of the products. And it suggests that what is required is an IAG-wide approach to the issue rather than a business by business approach?IAG, yes, that’s right. Yes?That’s right. you. On 11 June 2015 you emailed Stuart Chapman. You’ve exhibited that to your statement as well. It’s exhibit 1, which is IAG.500.100.5078?Yes. And in the email which you will see when it comes up, you are seeking to understand any dialogue Swann may have had with any regulators over the last 12 to 18 months?That’s right. And I suspect you’re taking that step because it was what May ?May of May you came into the business?May of 2015, yes. So you’ve been in the business for a month or so?Yes. At this in time. And you’re seeking to understand the extent to which regulators have been interested in Swann?Yes, I was aware generally of industry
transcript-19-september-2018.docx