–In 2003, to introduce a profitability benchmark before interest would accrue or be payable, and to add a 4.552% “interest premium” on top of the variable base rate in part to account for around $286m in interest which had accrued but which remain unpaid. –In 2009, to cha...
There are two possible biases with this approach. A ten-year government bond would tend to have a higher interest rate than a shorter-term government bond if the term structure was upward sloping, which was generally the case for Australian financial markets at the time. It is important to u...