Sources: ABS; RBA; Refinitiv  This is one reason why the Reserve Bank is determined to ensure that this current period of high inflation is temporary. We will do what is necessary to make sure that high inflation does not become ingrained. The tool that we have to do this is interest rates.
The bank, or an affiliate, might provide limited recourse or take an equity position in the pool to provide a credit enhancement, but the concept was clearly to eliminate the need for funding while profiting from fees or rate spread.