Former Billabong boss Matthew Perrin has been committed to stand trial, accused of dishonestly obtaining more than $30,000 from the Commonwealth Bank.
The ex-chief executive of the iconic surfwear brand is alleged to have committed fraud against Australia's biggest bank between December 2006 and August 2008.
Magistrate Noel Noonan on Tuesday committed the matter for hearing in the District Court in Brisbane without setting a date after concluding there was a "prima facie" case of Perrin dishonestly gaining a pecuniary benefit for himself.
"Do you wish to say anything? Anything you do say will be taken down," he said to Perrin in the Brisbane Magistrates Court.
Perrin replied: "No, your honour."
Bail was continued for the businessman, who once graced Australia's rich list, requiring him to live at an address at Bundall on the Gold Coast.
He was not required to enter a plea.
