How competitive is ANU law

G'day folks, prospective NZ student here. I applied for ANU law but the entry requirements make me...question whether or not I just wasted a spot on my UAC. The law entry requirement on the website states that I need a 41/45 on the International Baccalaureate in order to get in (IB to ATAR conversion is so cooked). That's within range for my expected results, but it's less likely to happen than the alternatives. If I do fall a point or two below the stated entry requirements however, will I still be considered? Or is it just straighr-up auto-rejection? I heard stories of family friends' children getting in without hittong the entry requirement but one's got to be wary when there are horror stories of 99.5 ATAR candidates getting rejected. Are the entry requirements minimums? Guaranteed entry scores? Or just recommended estimates?