Court told of secret Juniper business
A FALLEN Sunshine Coast millionaire has been accused of running a secret, undisclosed business to avoid bankruptcy and paying back more of his $70 million debt.
Former high-flying property developer Scott Juniper is estimated to owe creditors about $71 million but entered a personal insolvency agreement last year that will see him repay creditors $70,000 and avoid bankruptcy.
Two creditors, John Roberts and his wife Ngaire, have launched action in the Federal Court demanding a full investigation into Mr Juniper's affairs.
The Mooloolaba pair is owed about $144,000.
The Roberts have argued the personal insolvency agreement is unreasonable and has not been entered into with the creditors' collective interests.
They also argue the agreement does not accord with relevant legislation and there were "errors and omissions" in the state of Mr Juniper's legal affairs.
In the Federal Court in Brisbane on Thursday, barrister for the Roberts, Craig Coulsen, pointed to a number of invoices sent from Mr Juniper via an email address registered to Q Development.
Mr Coulsen claimed Mr Juniper's involvement with Q Development was not reported but Mr Juniper's legal team argued it was merely a business name registered in Mr Juniper's wife's name.
Mr Coulsen revealed a number of invoices sent from the email address, including one for print advertising for an undisclosed property and valuation for a property at Glenview.
But Mr Juniper's counsel argued the Roberts's allegations were false or would go nowhere.
"All they are left with is a mere speculative possibility of a better return if the personal insolvency agreement is set aside," Mr Juniper's counsel argued.
"All there is is innuendo brought on by the Roberts that they are suspicious of the email address."
The Federal Magistrate reserved his decision on whether the matter should proceed to a hearing or be dismissed.