Ms Holt has been sworn in, making an affirmation.

Ms Holt describes her qualifications in book-keeping since the mid 1980s.   In 1988 she started at the HSU No 3 Branch (Kathy Jackson's branch) where she remained until 2010.

Ms Holt describes that she was the book keeper for the whole period and was responsible for all internal accounting and finance related functions.

Ms Holt refers to "sitting fees" or the 'honorarium' that was paid to Branch Committee of Management members for meetings.   The fees were paid in cash, usually the aggregate was around $8,000 for the meeting, the money was distributed to members of the BCOM with the exception of Kathy Jackson who did not receive and honorarium.

Ms Holt is taken to a MYOB or similar file of financial transactions.   She explains certain cash transactions.   She refers to the auditor examining the accounts and any adjustments in accounting for various transactions that the auditor might have made. 

Ms Holt states that in the minutes the BCOM recorded its decision that Ms Jackson should receive some honorarium in relation to her work - the auditor apparently picked up that the amount was owing to Ms Jackson but had not been paid to her.

Ms Holt states that the amount was $48,000 and that it was in respect of payments due but not paid over a 3 year period to Ms Jackson.

Ms Holt states that for "authorised payments" Ms Jackson was the delegated authority or signatory.

Ms Holt states that Kathy Jackson had two business credit cards which were used for paying union expenses and the bills for each was paid by direct debit.

Mr Stoljar just asked, "So amounts on those credit cards were always for union expenses."

Ms Holt, "oh yes, strictly".

At 11.35 the Commission adjourned until 11.55am.