The Federal Court on Tuesday issued orders against Melbourne-based Paul Quill, who will be subject to existing freezing orders on his property until Deloitte is repaid in full with interest. The agreement means the parties avoid a trial.

Quill, who was responsible for managing the administration of insolvent companies, is accused of falsifying $3 million in expenses to amass an impressive collection of artworks, including pieces by photographer Fred Herzog and ceramic artist Pippin Drysdale. Quill also used the funds to purchase high-end furniture, rugs and ceramics, among other items, according to court documents.

Justice Michael Lee has ordered Quill to photograph all items in his possession allegedly purchased using Deloitte funds and voluntarily surrender the assets to the firm by May 13. The proceeds of Deloitte’s sale of the assets will go towards payment of the judgment in its favour.

As part of the orders, Quill can sell his Alfa Romeo vehicle and hand over the net proceeds to Deloitte to satisfy a portion of the judgment.

“If the net sales proceeds are insufficient to satisfy the judgment and interest in full, [Quill] must pay the balance of the judgment and interest within 28 days of notice by the applicants’ solicitors to the respondent’s solicitors,” Justice Lee’s orders say.

Deloitte can take enforcement action against Quill if he fails to pay up.

Law firm Maddocks, which represents Quill, declined to comment on the orders. Lawyerly has contacted Deloitte for comment.

Deloitte secured freezing orders on Quill’s assets and bank accounts earlier this month after detailing what Justice Lee described as an alleged “remarkable fraud”.

Exceptions to the freezing orders are payment of $1,800 a week for ordinary living expenses and $15,000 a month for his lawyers.