The Asset Yield Trust yesterday said it lifted its provisions for impairment on loans to investors in managed schemes of Great Southern Plantations to $16.7 million from a provision of $4.3 million recognised two months ago. Adelaide Managed Funds, an offshoot of Bendigo and Adelaide Bank, manages the Asset Yield Trust. AMF, in an announcement to the ASX, cited a "modified approach to collections" by the bank as servicer of the loans. AYT is an investor in subordinated notes of an asset-backed security into which Adelaide Bank (as it then was) sold some of the scheme loans. The trust manager also noted an increase in the proportion of borrowers that "have chosen not to meet their loan repayments" but did not say what this proportion was. A payment strike by select borrowers has been clear for months, though efforts by Bendigo to restore loan repayments is successful in some cases. One implication is that Bendigo Bank's own arrears, and impairments, may be higher now than when last disclosed in August, though the Trust will have to wear losses before the bank due to the subordination.