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Melissa Caddick’s parents stake claim in $2.5 million Edgecliff penthouse

Ms Mirzabegian said the property would “have to go to market” and there was nothing confidential about the value of the life interest, which would be less than the price a buyer would pay for the apartment. But Justice Brigitte Markovic said a non-publication order over that information was necessary to prevent prejudice to the proper administration of justice.

The court ordered in May that a “contradictor” be appointed to represent the interests of Ms Caddick. Barrister Nicholas Bender, acting as contradictor, referred on Wednesday to the “uncertain status of [Ms Caddick] … which your Honour has referred to as the elephant in the room”. Mr Bender opposed moves to have Ms Caddick’s assets sold before the coroner’s finding.

Earlier on Wednesday, Farid Assaf, SC, for the corporate regulator, said Ms Caddick had used her company to “disguise the fraudulent Ponzi scheme of which she was the mastermind”.

The parties return to court on Thursday.

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