A 2015 report described a claim to recover a $1.725 million loan Lisa Scaffidi reportedly made to Scaffidi Holdings, then trustee of the Scaffidi Family Trust. The report said she later assigned the repayment rights to Central City, which was seeking payment from the former trustee. The material available here does not establish whether the claim was ultimately paid, dismissed or decided by a court.
What was the $1.725 million loan?
PerthNow reported on 17 May 2015 that a writ alleged Lisa Scaffidi loaned $1.725 million to Scaffidi Holdings in October 2007, when the company was acting as trustee of the Scaffidi Family Trust. According to the report, the money came from mortgaging her home. These are details attributed to the writ as described by the newspaper, not findings established by the report. PerthNow’s 2015 report
Who was seeking repayment, and why?
The report said Lisa Scaffidi assigned to Central City the rights to demand repayment. Central City and Scaffidi were reported to have lodged a Supreme Court writ seeking recovery, alleging that repeated demands for payment had gone unanswered. That describes an asserted claim; it does not show that a court found the debt was owing or ordered repayment.
In a statement quoted by PerthNow, Central City lawyer Hugh Reynoldson said that Scaffidi had mortgaged her home to lend money to the trust and that a company controlled by Eugenio (Gino) Scaffidi had subsequently assumed control of the trust. This was the lawyer’s characterization of events, not a judicial finding. PerthNow’s report and attributed statement
Outdated Drivers Are Slowing You Down
One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchPC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11#1 Best Overall
PerthNow also reported that a Supreme Court judge ruled in 2010 that Gino Scaffidi’s company, Montevento Holdings, be appointed trustee. The report’s account places that trustee change before the 2015 recovery claim.
How this loan differs from the earlier Secure Funding debt
A separate loan of a similar size can be confused with the Scaffidi loan. The West Australian reported in 2009 that Scaffidi Holdings and the family trust had obtained financing from Secure Funding, initially secured in August 2007. After default, a Supreme Court order required the sale of three Gladstone Street warehouses. That report described the original debt as about $1.7 million, with about $300,000 in interest reportedly accruing at 12.75 per cent after default. Those figures concern the Secure Funding debt, not Lisa Scaffidi’s reported $1.725 million loan.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
| Reported matter | Lender or claimant | Borrower or trustee | Reported court action |
|---|---|---|---|
| Secure Funding debt, reported in 2009 | Secure Funding | Scaffidi Holdings and the family trust, according to The West Australian | After default, an order required the sale of three Gladstone Street warehouses. The West Australian’s 2009 report |
| Loan reported in the 2015 recovery claim | Lisa Scaffidi reportedly made the loan; repayment rights were later assigned to Central City | Scaffidi Holdings, acting as trustee of the Scaffidi Family Trust | A writ seeking recovery was reported in 2015; the material reviewed here does not establish the claim’s final outcome. PerthNow’s 2015 report |
Did Central City get the money back?
The final disposition of the specific repayment claim is not established in the available sources. A reproduced 2025 decision, Re Central City Pty Limited (Administrators Appointed) [2025] WASC 171, concerns administrators’ remuneration. It records Lisa-Michelle Scaffidi withdrawing opposition after an agreement to limit remuneration; it does not resolve whether Central City recovered the loan. Re Central City Pty Limited (Administrators Appointed) [2025] WASC 171
Quick Recap
Best Value
Rank #3
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Recommended Free Tools
