MR ERSKINE: ... Ms Hungerford, you have - right at the start of your evidence you told us about a loan that you took out from, I think, the National Bank in connection with buying BHPL? --- Yes.
Sorry, buying Giving and Living. I beg your pardon? --- Yes.
In whose name was that loan? Which entity? --- There was a loan in the company name that I took out.
Just, sort of perhaps at this stage, can you identify which entities of yours were in existence ... from 1 September when you were actually starting in the business? --- From 1 September, BHPL was then in existence. Hungerford Management Pty Ltd was in existence, which was the trustee for my superannuation fund as well as a unit trust and I think that was it - and me personally.
You had the relevant extensions under what's called the Bingie facility? --- The Bingie facility was a flexi mortgage from National Bank which was used as a business loan basically facility which was secured against my home.
Thank you.
HIS HONOUR: Who was the borrower? --- Brenda Hungerford.
Personally; you personally? --- Yes.
Yes, all right.
MR ERSKINE: From the time that you took over the Giving and Living business, which was the time that - or let's just continue it - in terms of the business, the Giving and Living business in Sydney and vacated Tuggeranong, did BHPL borrow any money? --- I'm sorry. Can I just ask - was that from the first - from when I purchased Giving and Living?
HIS HONOUR: From 1 September.
MR ERSKINE: From 1 September in the period that BHPL was running the store in Tuggeranong? --- Yes.
Did the company have occasion to borrow money? --- Yes.
From whom? --- The company borrowed money from - in the company loan from the NAB as well as borrowing money from me.
Without going into every single transaction, could you explain to his Honour the process by which it borrowed money from you? --- Yes. The - in most cases, the Bingie facility was used as the vehicle to pay money from - into the company and every or pretty much every transaction was marked as a loan from me to Giving and Living and there was also interest payments for the business that came out of that facility.