Complete Property Solutions Pty Ltd.

In the matter of Complete Property Solutions Pty Ltd, Debrett Lyons J of the Supreme Court of Queensland considered a dispute between the applicant, Complete Property Solutions Pty Ltd (in liquidation), and the respondent, a former director of the company. The applicant sought to recover alleged unpaid director’s loan account balances from the respondent.

The central legal issue before the Court was whether the respondent had discharged his obligations in relation to the director's loan accounts, and if not, whether the applicant was entitled to recover the outstanding amounts. This involved an examination of the evidence presented regarding the nature and repayment of the alleged loans.

Debrett Lyons J analysed the evidence, including accounting records and correspondence, to determine the true character of the transactions between the respondent and the company. The Court applied principles of company law and evidence to assess whether the respondent had established a defence to the claim, such as repayment or forgiveness of the debt. The Court found that the evidence did not support the respondent's contentions regarding the repayment of the loan accounts.

Consequently, the Court ordered that the respondent pay the sum of $119,999.99 to the applicant, representing the outstanding director's loan account balances, together with interest and costs.