this post was submitted on 02 May 2025
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All 930 votes have their second preferences distributed, because there's no way to determine which individual ballots are the excess.
The key is that the second preferences are transferred at a reduced rate proportional to the excess. i.e. (excess votes for Liz) divided by (total votes for Liz). In this case 129/930 = 0.13. All second preferences on ballots that first preferences Liz are distributed "worth" 0.13 votes.
See the Transferring the surplus section on this official AEC information.
Edit: This is explained in the video you linked from 4:31 by the way.
You champion! That makes sense. Sorry, I didn't think the video would backtrack to correct their initial simplifiction.