12:50pm: Mr Byrne said financial difficulties began to emerge in Mr Baden-Clay's real estate business during its expansion.
"In respect to the home front, Gerard will tell you he was still with Allison, he cared for her deeply and between the two of them it had become a bit easier, they had a routine each week," Mr Byrne said.
"Things weren't still going well on a physical level with Allison and Gerard will tell you he went to a conference in Sydney and he had a brief but sexual relationship there with a woman by the name of Jackie Crane. Again, he'll tell you it's something he's not proud of, but it happened. And it was, to him, not a commitment, it was a physical relationship.
"Over Christmas of 2010 the business moved with a full sales team of about 25 people. As you would know, what happened at that time, was the floods.
It was a cruel, untimely and rather devastating event for a new, heavily-staffed real estate agency.
"The financial situation wasn't getting better, it was going down. Phil Broome felt the pressure so much, he sold half of the rent roll to Jocelyn [Frost]. He hadn't told Gerard about that until after.
"Phil and Jocelyn wanted to sack all the staff and put the business into receivership ...
"That's when he spoke to his friends. Rob Cheesman, Stuart Christ and Peter Cranner. Two of those people were qualified accountants and the other was the director of a company."
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