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)
understand how the business operates including details/location of retail stores, directors/shareholding details. ?Remind me of that date, please? That’s 28 February 2012?Thank you. And then if we come down to 27 March 2012, and then we blow up the section – if we just note there’s a phrase which is: Default against Pie Face was dealt with via TLW deal number 1013555049. Do you know what that means?Yes, I do. And what does that mean?That’s reference to another credit memo like this. So this is – this is the banker’s credit memo. The banker of the Pie Face franchisor. Right?So this is the – the banker’s notes. This is the banker’s TLA record of that, which is the lending origination system – lending system. And it what had been a default against Pie Face had been dealt with by a TLW deal. What does TLW deal mean?That’s a previous – one of the – so what – what we’re working through here is the previous background of the decisions. So there’ll be another submission like this that will have – where they would have worked that through. So if you track down that deal number, that would be – there would be another submission that would cover that. That deal number is the very first one on 9 February 2012?It’s hard to follow, but That’s all right. And then as at 18 October 2012, if we blow up the last four lines at the bottom of the page. You will see it is said: Pending current financials being reviewed. ?Mmm. So as at – it appears as at 18 October 2012, the financials hadn’t yet been – the review of them hadn’t been completed?For this submission for – at that time? Yes?Yes. And have you seen any record of the receipt of all of Pie Face’s financial statements in – or financial statements from Pie Face in 2012 by Westpac to ascertain – effectively, to out an annual review during that year?No, I haven’t looked into the franchisor records.
EXHIBIT #3.24 JACQUIER, WATT AND OTHERS DATED 30/07/2013 (WBC.416.004.0003) P-2249 EXHIBIT #3.25 FRANCHISE SYSTEM PROFILE DATED AUGUST 2012 (WBC.409.002.0418) P-2263 EXHIBIT #3.26 SUMMONS TO MS SEPAROVICH P-2264 EXHIBIT #3.27 WITNESS STATEMENT SEPAROVICH CONCERNING RUBRIC 3-10 P-2265 EXHIBIT #3.28 WITNESS STATEMENT SEPAROVICH CONCERNING RUBRIC 3-11 P-2266 EXHIBIT #3.29 SUMMONS TO MS RICHES P-2275 EXHIBIT #3.30 STATEMENT OF MS RICHES DATED 18/05/2018 P-2276 EXHIBIT #3.31 EMAIL BETWEEN RICHES AND VLASSIS DATED 15/06/2012 (FOS.0012.0001.1249) P-2280 EXHIBIT #3.32 LETTER FROM BOQ TO SUZANNE RICHES RECEIVED ON FRIDAY, 18/05/2018 (BOQ.0001.0093.0112) P-2298