The parents of alleged fraudster Melissa Caddick have been ordered to vacate her apartment in Sydney's eastern suburbs in order to receive close to a $1 million payout.
The long-running legal dispute over the Edgecliff property, which they co-owned with their daughter, has on Monday been resolved.
Caddick vanished in November 2020, shortly after the Australian Securities and Investment Commission (ASIC) raided her family home in Dover Heights.
The corporate watchdog was investigating a multi-million-dollar Ponzi scheme.
Authorities claim she had stolen more than $23 million at the time.
A coroner last month found she was dead but could not conclude how or where she died.
On Monday afternoon Federal Court Justice Brigitte Markovic handed down the orders that Caddick's parents, Barbara and Ted Grimley, must leave the property within six weeks before they can receive $950,000.
In court documents, her parents claimed to have paid more than $1 million to help pay down the $2.25 million mortgage on the Edgecliff apartment.
In a Federal Court case initiated by ASIC, more than 50 investors were being represented in attempt to recoup the stolen funds through the sale of her assets.
Last year, the 49-year-old's collection of designer clothes, art jewellery and other luxury items were sold at auctions in Sydney.
In orders handed down on Monday those investors will also receive an "interim distribution" of $3 million.
They will take ownership of the Edgecliff property once the Grimleys have moved out and prepare it for sale.
Caddick's decomposed foot washed up on a beach on the NSW South Coast three months later, hundreds of kilometres away from her Sydney home.
