dementia. She was tested and since the two tests from 2015 to 2018 there have been a 25 per cent drop in cognitive function. She struggled, really hard. No further questions I will just ask one further question. And you’ve now got the – increase in the facility, is that correct, Mr Dillon?After Tara said no, and I sort of went off my tree a little bit about coming to the Commission and what not, she did ask, there anything I can help with the Commission?” She went away, I wasn’t “Is aware, but Lou told me later that she had actually been working behind the scenes to see what she could achieve and she was able to achieve 50 per cent of what we had asked for as an increase. So there was some result. Has had a change or impact on the business, can you tell if that’s made a difference?Absolutely. We now have stock on order. Obviously, we have done all our Christmas orders already, and we now have enough stock in the pipeline that we can actually achieve a 5 million plus year in the following financial year. We will probably still register a small loss this year, nothing like last year, fortunately. But we’re anticipating returning to the black next year. Thank you, Mr Dillon. THE COMMISSIONER: Thank you. Yes, Ms Harris. <CROSS-EXAMINATION BY MS HARRIS [3.57 pm] MS HARRIS: My name is Wendy Harris and I need to ask you some questions on behalf of National Australia Bank?That’s fine. Mr Dillon, in paragraph 6 of the witness statement that you prepared ahead of today and also again in your evidence today, you say you said that you put Goanna – Downs on the market in 2011?That’s correct. And that was part of a plan to move to Melbourne to be near your son and his wife and anticipated grandchildren?Correct. You haven’t mentioned it in your evidence, but do you recall that you had in fact put the property on the market a year earlier in 2010 as a part of a strategy to reduce debt?No, I don’t recall that. In paragraph 5 of your statement, Mr Dillon, and you touched on it in your evidence today, you mentioned that National Music recorded a loss in 2010?That’s correct. And that in 2010 your relationship banker was Kevin Matthews?Correct.
dementia. She was tested and since the two tests from 2015 to 2018 there have been a 25 per cent drop in cognitive function. She struggled, really hard. No further questions – I will just ask one further question. And you’ve now got the increase in the facility, is that correct, Mr Dillon?After Tara said no, and I sort of went off my tree a little bit about coming to the Commission and what not, she did ask, “Is there anything I can help with the Commission?” She went away, I wasn’t aware, but Lou told me later that she had actually been working behind the scenes to see what she could achieve and she was able to achieve 50 per cent of what we had asked for as an increase. So there was some result. Has had a change or impact on the business, can you tell if that’s made a difference?Absolutely. We now have stock on order. Obviously, we have done all our Christmas orders already, and we now have enough stock in the pipeline that we can actually achieve a 5 million plus year in the following financial year. We will probably still register a small loss this year, nothing like last year, fortunately. But we’re anticipating returning to the black next year. Thank you, Mr Dillon. THE COMMISSIONER: Thank you. Yes, Ms Harris. <CROSS-EXAMINATION BY MS HARRIS [3.57 pm] MS HARRIS: My name is Wendy Harris and I need to ask you some questions on behalf of National Australia Bank?That’s fine. Mr Dillon, in paragraph 6 of the witness statement that you prepared ahead of today and also again in your evidence today, you say – you said that you put Goanna Downs on the market in 2011?That’s correct. And that was part of a plan to move to Melbourne to be near your son and his wife and anticipated grandchildren?Correct. You haven’t mentioned it in your evidence, but do you recall that you had in fact put the property on the market a year earlier in 2010 as a part of a strategy to reduce debt?No, I don’t recall that. In paragraph 5 of your statement, Mr Dillon, and you touched on it in your evidence today, you mentioned that National Music recorded a loss in 2010?That’s correct. And that in 2010 your relationship banker was Kevin Matthews?Correct.
transcript-30-may-2018.docx