James Kirby

So that would be when that occurs.

Thank you for that, Trevor.

I hope, I think that the answer was pretty clear.

This is information only.

It's not advice, of course.

OK, a question from Bosch, B-O-S-C-H.

My parents are chasing the best returns from banks for cash and they have sitting in their SMSF.

What are the risks with cash ETFs with the major providers, Vanguard, Bellashares, BlackRock, which appear to have pay above 4% and charge fees of approximately 0.18%?

Yeah.

So the person who says, you know, what's the difference?

I put my money in the bank.

It's government guaranteed.

In cash, why would I go through the elaboration of putting it in a cash ETF?

And just to clarify, you do offer a cash ETF, do you?

Well, why do you offer?

I mean, it's the product proposal.

If I say to you, why shouldn't I just put it in a bank account?

So your proposal on your side of the fence is that you will basically hunt and manage cash in an optimal way to try and improve match or improve what banks would offer?

Okay.

Well, the last question is from Blake.