03 687 8058. — Losses from the insurance business. She said the sale of the insurance business was a strategic decision taken in late 2016 when Co-op Money decided to focus on the banking and payments sector where more opportunities were seen for growth. Simon has 7 jobs listed on their profile. Helen Bennett Senior Solicitor. Wyn Osborne (pictured), deputy chairman of Co-op Money and until recently Aotearoa's chairman and now its chief executive, told interest.co.nz a couple of key reasons for the core banking system write-down were worked through with auditor Staples Rodway. Our success was thanks to the dedicated volunteers who worked together to promote the credit union philosophy “people helping people” which we still up hold to this day. X. (There was also a $220,230 impairment on Aotearoa's investment in Co-op Money base capital notes. The one that they chose, we thought, was going to be too expensive and we didn't agree with their providing services to third parties," said Westforce general manager Victor Martick. Nyssa Willcocks Associate. National Leader Simon Bridges is hoping to replicate the underdog success of the Australian Liberal Party and has met with Aussie Prime Minister Scott … Host of NPR's Weekend Edition Saturday & author of current bestseller Unforgettable & other books. Net book value for this as of June 30 last year, was $7.079 million, up from $1.291 million two years earlier. Being the first to implement the new core system - the guinea pig for other credit unions, resulted in a "huge amount of learning" for the benefit of the sector, Osborne said. Asked for comment for this story Lynch said given he left Co-op Money earlier this year it isn’t appropriate for him to comment. Search the all new list of the top lawyers in New Zealand. Your access to our unique and original content is free, and always has been.But ad revenues are under pressure so we need your support. Simon has 2 jobs listed on their profile. (The latter relates to the potential for the number of Co-op Money member credit unions falling to 10 or below. Bogers Scott Shortland Lawyers. CEO Gavin Earle said that while it has cost more than forecast, NZCU Baywide doesn't expect any impairment to its investment. Rob McDonald Solicitor . Credit unions and building societies are battling away, serving regional New Zealand during these tough times. "If the regulatory approval of the sale of the insurance business is not obtained or the sale does not proceed for any other reason, there will be a significant financial impact on NZACU that will likely result in a need for further capital investment into NZACU. See the complete profile on LinkedIn and discover Simon’s connections and jobs at similar companies. Email Me. If you're already a Supporter, please use the Supporter Login option here. We were kept well informed throughout the build which made everything stress-free. Co-op Money is chaired by Massey University's Claire Matthews, who is also a director of member NZCU Baywide, one of NZ's biggest credit unions. Supporters can choose any amount, and will get a premium ad-free experience if giving a minimum of $10/month or $100/year. Simon brings more than 20 years of experience as a quantity surveyor to Alaska and his robust attention to detail ensures that clients can be confident their budget targets are maintained. — A number of one-off costs associated with legal and public relations costs for the court hearing, a proposed restructuring, legislative changes and a related party application to Reserve Bank of New Zealand. "It's not a worry for me anymore and that's a big relief. If you know the vessel's name - check Gavin's website 'Immigrant Ships to New Zealand 1835 to 1910' to obtain the arrival port and date in New Zealand. "NZCU Baywide took up an offer by Westforce Credit Union to purchase their base capital notes. Retours gratuits. "They [Co-op Money] should be providing services to credit unions and not our competitors.". We certainly know who to call with our next project.” –D and H Waring Authorised by Simon Bridges MP, 35a Third Avenue, Tauranga. One of the others that has already adopted the Oracle system is NZCU Baywide. The graphic below comes from Co-op Money's 2016 Annual Report. This includes moving the business operations into a company structure [operating under the Companies Act] rather than operating under the Friendly Societies and Credit Unions Act as this provides a better commercial basis for an organisation such as ours. View Simon Scott’s profile on LinkedIn, the world’s largest professional community. Co-op Money's members, which are non-bank deposit takers licensed by the Reserve Bank, include Aotearoa Credit Union, Caxton Staff Credit Union, First Credit Union, Fisher & Paykel Credit Union, NZ Firefighters Credit Union, NZCU Auckland, NZCU Baywide, NZCU Central, NZCU Employees, NZCU South, and NZCU Steelsands. No Kidding! If you've ever wondered whether the commonly held belief that Australia's Prime Minister Scott Morrison was responsible for the slogan 100% Pure New Zealand, then forget it. Stay up to date on your industry. If you happened to be standing outside Co-op Money NZ's office on Teed Street in Auckland's Newmarket at about 3.20pm on Monday it's just possible you may have heard a cheer. Your News is the place for you to save content to read later from any device. Business lending we'll never do in a million years. Associate members are Heretaunga Building Society, Nelson Building Society, and Wairarapa Building Society. The New Zealand Insolvency and Trustee Service provides an Insolvency Register online. Leadership Team. Scott Simpson. SSB Design Studio is a boutique building design studio servicing Brisbane and Sunshine Coast run by Simon Scott. These issues point to uncertainty regarding carrying value of the capital notes," said Aotearoa. Check out what 268 people have written so far, and share your own experience. View the profiles of professionals named "Simon Scott" on LinkedIn. Simon was a founding partner of Bogers Scott Shortland. We place a single cookie on your device to remember your settings. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Simon Scott (pictured), general manager of First Credit Union which is the country's biggest with 65,000 members and $348 million in assets, said First Credit Union quit Co-op Money because it wanted to be in charge of its own destiny. These included the appropriate reporting for Aotearoa's agreement with Co-op Money in terms of the former's contribution to the project cost, and the human resource costs Aotearoa faced during the migration. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow? Rather the agreement and payments to Co-op Money NZ gave rise to a prepayment for future bureau services," Aotearoa says. Join Facebook to connect with Linda Scott and others you may know. Cheers. Read More. Meanwhile, Westforce Credit Union sold its capital notes to NZCU Baywide for their carrying value of $584,925. Simon listened to our ideas and offered expert advice. They wanted credit unions to pay for a computer system so that they can offer it to our competitors," said Martick. How? KPMG chief executive Godfrey Boyce said: “I … congratulate our new … Co-op Money's financial statements show computer software intangible asset additions of $3.575 million in 2017, and $3.523 million in 2016. In a tough environment, how could the mutual sector get a leg up? Simon Lapthorne. Earlier this month Co-op Money cheered Parliament's passing of the Friendly Societies and Credit Unions Bill, saying this was a significant milestone and endorsement for the future of the NZ credit union sector. COVID-19 Alert Level changes — Up-to-date information about National Library services, exhibition hours and events "In March 2017, the Credit Union entered into an agreement for the provision for 'bureau services' with New Zealand Association of Credit Unions (trading as Co-op Money NZ). “It’s The Bats strongest effort in years…this is a classic album from the band. Is this the same Henry Lynch who works for transparency international? Your access to our unique and original content is free, and always will be. Bank of the Cook Islands in the Pacific Islands is one example, as is the 'Bonfire' pre-paid Mastercard which can be seen in Foodstuffs supermarkets around the country," said Matthews. 228 talking about this. Special Contributor Sunday Morning. We didn't believe that they [Co-op Money] needed to go to a tier one core banking system. "We ended up really under the pump in terms of needing to make a decision about that. Millions of products all with free shipping New Zealand wide. See more ideas about pottery videos, pottery techniques, pottery. Simon Scott (pictured), general manager of First Credit Union which is the country's biggest with 65,000 members and $348 million in assets, said First Credit Union quit Co-op Money because it wanted to be in charge of its own destiny. It's fair to say the shift to the new system did not go well for Aotearoa. The common thread is a considered combination of thoughtful design, bold materiality and beautiful fabrication. EXECUTIVE PARTNER +64 9 366 5161 +64 21 535 840 LAPTHORNE@KTC.CO.NZ. "As the amount of credit unions started to deplete, they [Co-op Money] started thinking 'how else are we going to make more money so let's start bringing in non-credit unions'. So we've got the scale to do our own thing and get on with things, so that's really what we did," Scott said. Host of NPR's Weekend Edition Saturday & author of current bestseller Unforgettable & other books. Breaking news, opinion and analysis from Wellington, NZ's capital city, and around the North Island, including the Hutt Valley and Porirua. National is focused on supporting Coromandel and your livelihood, from backing Kiwis who have lost their jobs and are looking to start their own business, to backing existing businesses to take on another employee. Kiwibank last year took a $101 million pre-tax impairment after dumping its CoreMod core banking system upgrade. Email Me. *This article was first published in our email for paying subscribers early on Thursday morning. The 2017 September year financials show $391,718 core banking implementation expenditure. Whilst the core banking system project has been bubbling away, Co-op Money has also been dealing with two of its members stopping taking its business services. 129 Mcfarlane Street, Hamilton NEW ZEALAND. By virtue of selling their base capital notes, Westforce resigned from their membership of Co-op Money NZ," Earle says. He expects a decision to be made by the end of August whether First Credit Union will keep the notes or sell them to other credit unions. SOLICITOR +64 9 366 5111 DARWAZEH@KTC.CO.NZ. John, they covered issues such as how much the move to the Oracle Flexcube system is costing Co-op Money and its members in total, how this compares to initial expectations, whether more write-downs are expected, the contents and author of the independent report commissioned by Co-op Money, issues around the capital notes, and why Co-op Money CEO Henry Lynch left. A simple search can be done using the Insolvency Number. NZCU Baywide did not ask Westforce Credit Union to leave. "They [Finzsoft] were tried and true and we've found them excellent to work with. Appointment of Simon Scott as Alternate Director 19 October 2018 The Board of Finzsoft Solutions Limited (NZX:FIN) announces that Andrew Holliday has appointed Simon Francis Scott as his alternate director for FIN following approval by the Board. For the June 2017 year Co-op Insurance lost $338,860. If you inspect the source code, you won't see resources from any other domains. Or, your browser is blocking ad display with it's settings. The services are funded by credit union members investing in Co-op Money base capital notes. "There was no need for the new legislation. - 858 Followers, 636 Following, 5477 pins Our current comment policy is here. The two viewed this as Co-op Money using their members' money to fund their competitors. Hamilton Office. If you are that sub-scale, would't it be better to wind it down or merge? "Should Co-op Money not achieve these objectives, further adjustments may need to be made to the carrying value of the capital notes. We are a globally focussed company committed to the Design, Manufacture and Distribution of high quality Lighting and Furniture for commercial and domestic environments. Information For Clients; Standard Terms of Engagement; Seeing a Lawyer; Testimonials; Contact us; Welcome to Bogers Scott Shortland Lawyers. But good luck to them, all the others. If this happens these exposures to Co-op Money will become related party exposure under deposit taker regulations due to each credit union having 10% or more of the voting rights in Co-op Money). Our History. He soaks up information from all types of sources and can applly his … Finding Businesses businesses is easy with the Neighbourly Business Directory. Osborne said questions about the capital notes should be addressed to Matthews as Co-op Money chairman. Republicans press Biden to scale back $1.9 trillion COVID-19 relief plan. High quality Simon Scott music downloads from 7digital New Zealand. You are stepping into the unknown and despite your best efforts there'll be things that surprise you through that process," he said. Liam Osborne. See here for more details and how to subscribe. Pseudonyms / Alternative spellings: Scott Simon, Screamin Scott Simon. Hebe Haughey Solicitor. This could have an adverse financial impact on Credit Union South's financial position.". Scott Simpson. Simon has 7 jobs listed on their profile. Todd Scott – Publisher - owner Email: tscott@nbr.co.nz. Simon and the staff from Simon Penn Building Ltd are professional, prompt and the build was completed to a very high standard. A significant milestone or ridiculous legislation? Address . If you're already a Supporter, please use the Supporter Login option here. "When governments start accepting bitcoin for tax payments you can fairly call it money. Simon Hickey (born 12 January 1994) is a New Zealand rugby union player who plays for Hurricanes (rugby union) in the Super Rugby.. Learn more here. Latest Smash-Up NPR's Scott Simon News from top sources, including NPR. [But] I think some of those [costs] could've been capitalised," Osborne said. And the analysis required to support the capitalisation of those costs meant we ended up expensing it. He decided that the rules allowing associate members to buy Co-op Money business services and allowing Co-op Money to provide them, were inconsistent with the Friendly Societies and Credit Unions Act 1982 and therefore invalid. Associates & Staff. First Credit Union, which has 65,000 members, has already instigated a COVID-19 interest only option on loans for 12 months, says general manager Simon Scott. Annual underwriting income from life business totalled $872,778, and $1.7 million from non-life business. National MP Paul Goldsmith will face up against the Government on finance and infrastructure issues, following the news that both Amy Adams and Alastair Scott will step down at the next election. As of September 30, after the write-down, it held $220,229 worth, noting "significant risk" further write-downs may need to be made. Simon Scott Movies from Fishpond.co.nz online store. Every fortnight we get on our DIY guru Stan Scott from Mitre 10 to give you a hand for all your home DIY projects. However, it wasn't until August 2017 that Co-op Money announced the first of its members, Aotearoa Credit Union, was launching the new core banking platform. Credit Union South goes on to describe "delays and significant cost overruns" with the Oracle Flexcube roll out, whilst NZCU Baywide talks of "delays and an escalation in costs" that have impacted Co-op Money. See here for more details and how to subscribe. If there was a cheer it would have been because under Reserve Bank rules the insurance business must hold minimum solvency capital of $5 million and Co-op Money is facing major financial challenges. Create a SUPPORTER account with no ads here. Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Or, your browser is blocking ad display with it's settings. Husband, father, Cub fan. As for Co-op Money's future, Matthews said a restructure is on the cards. Scott and Martick, however, are not fans of the new legislation with Scott describing it as "ridiculous legislation.". See the complete profile on LinkedIn and discover Simon’s connections and jobs at similar companies. Layla Darwazeh . "As you know we’ve had a couple of members choose to leave us but we are also delivering products and services beyond our traditional market of credit unions. Welcome to Bogers Scott Shortland Lawyers Our aim is to provide clients with practical solutions and specialist advice. Special Contributor … I want to make it easy to answer your questions, and for you to get in touch with me. Ross Stewart. Scott said First Credit Union's currently not receiving interest payments on these notes, which have been around 2% in the past. On the go and no time to finish that story right now? Street address The National Business Review Level 3, Suite 306, Achilles House 8 Commerce Street Auckland, NZ . "We just want to be in charge of our destiny. We noticed that you're using an ad blocker. The Leadership team is committed to our members and growing First Credit Union in a healthy, sustainable way. Know what’s happening Access the private noticeboard for verified neighbours near you. — Loss of revenue as a result of the Westforce and First credit unions no longer using Co-op Money NZ’s services; Emily Coldicott Solicitor. That was a 50% impairment. "That's part of the burden or the challenge, if you like, of going first. First Credit Union still takes Co-op Money's industry representative services such as risk and compliance and government liaison, however Westforce has cut all ties. Email Me. There are 400+ professionals named "Simon Scott", who use LinkedIn to exchange information, ideas, and opportunities. Scott Arrol provides an update on the development of NZ HealthTech Opportunities … Co-op Money says its members themselves represent about 190,000 members, hold assets of about $1.7 billion, have more than 80 branches, and employ some 480 staff. Report tells us what we already know: taxing the wealthy is a good idea. Simon Dorman Consultant. November 16, 2020. High quality Simon Scott & The Le Roys music downloads from 7digital New Zealand. An inauspicious start with Oracle Flexcube. And; Simon Scott FRANCIS is from Hamilton in NEW ZEALAND and is, or was, a director or shareholder of a New Zealand company. But whilst approval has been gained for the sale of Co-op Insurance's non-life operations, Reserve Bank approval for the sale of its life business to an unnamed entity is still awaited. Completed in 2010 in Auckland, New Zealand. Contact institutions directly for actual quotes. Company … The project 'Gear3' is the replacement of the FACTS core banking system with Oracle Flexcube. BENSIMON - … Aotearoa expects to get at least 10 years life out of the Oracle system. There were a lot of lessons learnt in there.". In a tough environment, how could the mutual sector get a leg up? Whilst, as you say this is common with IT projects, it's more than we would have liked but nowhere near like some of the other IT projects in the news," she added. Hannah King. Simon retired from the partnership in 2018 and remains a non-lawyer on call consultant of the firm, assisting with matters that are not regulated legal services, from time to time. Scott Bridgens and Simon James share a love of New Zealand design. Scott Worthy. Simon is an enthusiastic, intelligent guy with very good communication and mentoring skills. In July 1955 we began our journey as St Mary's Credit Union and became New Zealand’s first affiliated credit union. Earle denies NZCU Baywide asked Westforce to leave Co-op Money. This week he covered off garden irrigat Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges. Feb 6, 2016 - Explore Peter Scott's board "Simon Leach" on Pinterest. Simon Paul Scott, Inc. | Designer, Merchant, Creative Follow Me On Facebook And Instagram. wall-art.fr - Le spécialiste de la décoration murale et d’intérieur !. Simon is currently convenor of judges for the NZIOB Industry Awards. Mike Lowe, Jodi Newth, Leon Bowker, Sarah McGrath, and Nick Moss have been promoted from within the firm. Additionally passing of the Bill means credit unions will be able to more easily expand their services to include lending to small and medium sized businesses. BY Scott Simpson. Their departures came against the backdrop of their opposition to Co-op Money providing services to associate members such as building societies. Director – Bay of Plenty. In a written response to interest.co.nz's questions Matthews said a number of the questions were commercially sensitive so she decided to provide a general update to cover the queries "where I can.". The comparisons on this tool are controlled by, The calculations in this tool are controlled by. "Looking to the future, we are looking at the opportunity to restructure the business to set it up for the future. How? ", Martick added: "We didn't feel there was any change necessary.". If you are not already registered, please register to comment. The decision to cull the project came after the NZ Super Fund and ACC bought into Kiwibank, taking a combined 47% stake. 221 Collingwood Street, Hamilton Phone : 07 838 3144 Fax : 07 838 3155 Email : 3 . ", Martick (pictured) said Westforce, which has about 4,500 members, was asked to leave Co-op Money by NZCU Baywide, effectively being told "we'll buy your base capital notes if you go away.". Close. Return to eHealthNews.nz home page. KEEP UP TO DATE Latest News. Nous voudrions effectuer une description ici mais le site que vous consultez ne nous en laisse pas la possibilité. 'If you're sharing a flat and disagree with your flatmates, probably the best thing is to move out'. The Bill, introduced by National Party Kaikoura MP Stuart Smith, heralds a new era of growth and innovation for the credit union sector, according to Co-op Money. Learn more about the top legal talent. The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions. More on this later). He has represented Auckland in the National Provincial Championship, playing as a first five-eighth.He is a former New Zealand Schools representative and was captain of both the King's College 1st XV and its 1st XI cricket team. "The project has also cost more than we thought, being a combination of requiring more work than initially thought plus a number of enhancements that we decided on as we progressed with the build. Scott Guy had, in fact, been shot, hit by at least two blasts from a shotgun, fired from just metres away. Against this backdrop Co-op Money commissioned an independent financial assessment from an accounting firm it won't publicly name, which highlights a number of issues impacting its financial performance, liquidity and capital base. Please help us keep it that way by allowing your browser to display ads. Located in the CBD, we offer a … Data and Digital Futures: Shayne’s View. There are five more credit unions to migrate before year end plus Co-op Money itself, she said. Martick was worried by members' money being invested in areas he viewed as higher risk, "that we never put the money in the kitty for". Matthews said the new legislation modernises a "not fit-for-purpose Act" that was more than 35 years old. Email Me. He sees the whole purpose of Co-op Money as being to provide services to credit unions at low risk. Under the bureau services agreement Co-op Money NZ grants access to and, use of, the core banking system software. Email Me. Patterson Associates have created this Summer residence on Waiheke Island. "Of the credit union business in New Zealand we're 42% of the entire business ourselves. No Ads. On top of this, the introduction of a new Oracle Flexcube core banking system is costing more than expected and taking longer than expected to implement. Livraison offerte en boutique, et en point-relais dès 50€ d'achats. They started bringing in building societies and they started bringing in other businesses," Martick added. From Live videos, to stories, to newsletters and more, LinkedIn is full of ways to stay up to date on the latest discussions in your industry Long serving CEO Paul Brock also left Kiwibank late last year. If you do not have the number, you can narrow down your search using the following: Insolvency Type (Personal/Company) Surname That's when news the Reserve Bank had approved the sale of Co-op Money's non-life insurance business, which trades under the Co-op Insurance name, to Provident Insurance came through. Aménagez votre intérieur et laissez-vous inspirer par un large choix d’idées déco, d’accessoires et de décorations murales. Coromandel MP Scott Simpson … Together, they founded Resident to bring New Zealand-designed and -manufactured furniture and lighting to the global market. Achieving full technology enablement is essential to support the achievement of a world class health and wellbeing system for all New Zealanders. The two to do this are Westforce Credit Union and First Credit Union. We welcome your comments below. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow? 03 687 8067. — A high fixed cost base and increased operating costs; Create a SUPPORTER account with no ads here. See the complete profile on LinkedIn and discover Simon’s connections and jobs at similar companies. Simon Scott FRANCIS is from Hamilton in NEW ZEALAND and is, or was, associated with the company: BEXTER HOLDINGS LIMITED. We noticed that you're using an ad blocker. Mistake #1 -- buying software (or anything) from Oracle. I'm happy if I make a $10 profit each year as long as everyone gets what they want. The two thus complained to Registrar of Friendly Societies and Credit Unions Ross Van Der Schyff. Call Simon direct on 021 456 631 or email him at simonb@bbdnz.co.nz. View Simon Scott’s profile on LinkedIn, the world’s largest professional community. Matthews said with four credit unions now using Oracle Flexcube, including NZCU Baywide and NZCU South, more than 80% of user volume has migrated across. Our aim is to provide clients with practical solutions and specialist advice. James established Auckland-based Simon James Design in 1998 to distribute his own furniture and make compatible international brands available in New Zealand. Aotearoa also details that the independent financial assessment of Co-op Money reports on Co -op Money's financial position and performance, plus cash-flow and management practises. Aotearoa, which has about 10,000 largely Maori and Pasifika members, reported a September 2017 year net loss of $804,939. Two of its members, Westforce Credit Union and NZ's biggest credit union First Credit Union, have stopped taking Co-op Money's business services amid a fallout over strategic direction causing a loss of revenue. Jackie Scott – Financial Controller - owner Michael Bach – Chief Technology Officer Fiona Rotherham – Co-Editor Tim Hunter – Co-Editor NBR Head Office. When his departure was announced in March Lynch told interest.co.nz he planned to take some time off, catch up on some projects he had on the back burner at home, catch up on a lot of reading, and do some travel. Rob Pascoe, Peter Iles, John Harvey, Judith Taane (Chair), Phil Todd, Malcolm Blair (Deputy Chair) and Simon Scott (General Manager). So that's what we're doing," Scott told interest.co.nz. He'd died instantly. Search index B/T 27 Outward-bound covering 1890 - 1960 on ancestorsonboard, a commercial site.Work out the name of the vessel by putting in a few of the home liner names. Scott Simon (@nprscottsimon). as at 2:00 am (NZT), Sunday, 21 February 2021, as at 01:31am (NZT), Sunday, 21 February 2021. We are focused on becoming increasingly agile, responsive to member needs and resilient to change, and Oracle’s Flexcube ticked all those boxes for us,” Lynch said in Co-op Money's announcement. Buy, preview and download over 30 million tracks in our store. Remember we welcome robust, respectful and insightful debate. Follow us on. As noted above Aotearoa's latest financial results include a $220,230 impairment on its Co-op Money base capital notes. Rates change often, and different institutions are competitive in different currencies. Email Me. Scott Simon (@nprscottsimon). KPMG NZ promotes five new partners. Your access to our unique and original content is free, and always will be. Matthews did, however, acknowledge Co-op Money's in "a transition phase.". Established in 2011 by Simon James and Scott Bridgens, Resident is the first editor of New Zealand Design. Register with us and content you save will appear here so … National is focused on supporting Coromandel and your livelihood, from backing Kiwis who have lost their jobs and are looking to start their own business, to backing existing businesses to take on another employee. Friendly Societies and Credit Unions Bill. They wanted to push for SME lending [but] we'll simply never do it and we're the biggest [credit union]," Scott said. — Capital expenditure overruns on the Oracle Flexcube core banking implementation; View the profiles of professionals named "Simon Scott" on LinkedIn. It also allows for credit unions to lend directly to SMEs related to credit union members. We’ve had discussions with members but no decision has been made on this as yet," Matthews said.