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Kristie Baird ruling: Drip IV Australia director ordered to court over $150k debt

The award-winning Gold Coast director of Drip IV Australia whose company toppled into receivership has been ordered to court for an ‘enforcement hearing’.

Kristie Baird is a former business woman of the year winner.
Kristie Baird is a former business woman of the year winner.

An award-winning Gold Coast businesswoman whose mobile intravenous vitamin drip company has toppled into receivership has been ordered to attend court to answer questions about a court-ordered $154,385 debt against her company.

Kristie Baird, the sole director of Drip IV Australia Pty Ltd, was ordered by a District Court registrar to appear in the District Court in Brisbane on March 12 for an “enforcement hearing” relating to the alleged debt to Adelaide company Infinity Custom Pharmaceuticals Pty Ltd (Infinity).

The order to appear came just five days before the Deputy Commissioner of Taxation filed a claim in the same court seeking payment of $420,880 for alleged unpaid tax relation to Drip IV Australia.

According to the claim Ms Baird, who was living in a luxury apartment building in Mermaid Waters, was a director of the company between April 2022 and August last year when it withheld $543,472 in tax but did not pass it on to the DCT.

The 34-year-old has since made payments of $122,571, the claim states, reducing the amount to $420,880.

No defence has been filed and no date has been set for hearing.

In the other case related to the alleged $154,385 debt, the enforcement summons states she is required to produce at the March 12 hearing details of her current assets and liabilities, including supporting documentation.

She must also produce copies of the audited financial statements of Drip IV Australia for the financial years ending June 2021, June 2022 and June 2023.

She must also produce copies of bank statements of the company for the past year.

Solicitor Norman Waterhouse, acting for Infinity stated in his affidavit that the Magistrates Court of South Australia entered judgement for Infinity for $154,385 on October 18 last year, against Drip IV Australia.

Infinity director David Crisci told Mr Waterhouse that the bill remains unpaid, Mr Waterhouse states in his affidavit.

Drip IV Australia was based on Township Dr in Burleigh Heads and receivers were appointed on January 30 by small business lender Bizcap over an unpaid loan agreement.

Ms Baird is the 2021 Entrepreneur of the Year, 2022 Business Woman of the Year and 2023 Business News Australia Trailblazer of the Year.

Ms Baird owns the lion’s share of the shares in Drip IV Australia, with the remaining 100 shares out of a total of 720 owned by North Bondi businessman Troy Quade, who is not accused of any wrongdoing.

Original URL: https://www.couriermail.com.au/truecrimeaustralia/police-courts-qld/kristie-baird-ruling-drip-iv-australia-director-ordered-to-court-over-150k-debt/news-story/d6f6517d1974ee06cf53985eb6ae6e46