That’s not in your folder?Okay. I don’t know that number. And I think this is the this might have been one of the types of documents you were – referring to. You have had a look at these chain of emails before you have given evidence, I assume?Yes, I have. Okay. And so what happens is that the if we take the we don’t necessarily need – – to do the earliest email in time, but if we take the email at the bottom of the page on 26 July 2013, it said: Franchisor has gone ?Can I just go down to it, so I can see what you’re reading. Yes. Sorry?Thanks. Continuing: Franchisor has gone E35 due to tax arrangements. Franchisor facilities are fully cash secured. What does mean?E35 is a risk that we use for our watch list clients. “E35” All right. And it’s then explained that: there may be reasons around this, I consider the situation completely unacceptable for a franchise/intangible lend. ?Yes. And then the response is: I agree. There are enough warning signs here which effectively mean we have little choice, but to remove accreditation. ?Yes. I tender that document, Commissioner. THE COMMISSIONER: Exhibit 3.23, emails between Skujins, Jacquier and others, 26 July WBC.404.014.0582. ’13, EXHIBIT #3.23 EMAILS BETWEEN SKUJINS, JACQUIER AND OTHERS DATED 26/07/2013 (WBC.404.014.0582)
That’s not in your folder?Okay. I don’t know that number. And I think this is the – this might have been one of the types of documents you were referring to. You have had a look at these chain of emails before you have given evidence, I assume?Yes, I have. Okay. And so what happens is that the – if we take the – we don’t necessarily need to do the earliest email in time, but if we take the email at the bottom of the page on 26 July 2013, it said: Franchisor has gone ?Can I just go down to it, so I can see what you’re reading. Yes. Sorry?Thanks. Continuing: Franchisor has gone E35 due to tax arrangements. Franchisor facilities are fully cash secured. What does “E35” mean?E35 is a risk that we use for our watch list clients. All right. And it’s then explained that: there may be reasons around this, I consider the situation completely unacceptable for a franchise/intangible lend. ?Yes. And then the response is: I agree. There are enough warning signs here which effectively mean we have little choice, but to remove accreditation. ?Yes. I tender that document, Commissioner. THE COMMISSIONER: Exhibit 3.23, emails between Skujins, Jacquier and others, 26 July ’13, WBC.404.014.0582. EXHIBIT #3.23 EMAILS BETWEEN SKUJINS, JACQUIER AND OTHERS DATED 26/07/2013 (WBC.404.014.0582)
transcript-23-may-2018.docx