CARLOS Hill, the embattled former Cash Plus boss, was yesterday spared jail time after an order for his imprisonment for contempt of court was vacated in the Supreme Court.

A calm, dapperly dressed Hill - his hair thinning and greying - breathed a sigh of relief and quickly left court after Justice Patrick Brooks ruled that he was now in compliance with an April 18 order to fully disclose his global assets, based on further information he filed with the court recently.

Following a series of questions from Brooks, Hill was asked if he had fully complied with the disclosure court order to which he answered 'yes'.

Brooks then went on to vacate the order made on May 22 for Hill to be committed to prison in the event that he failed to comply with the April order.

The application for Hill, 60, to disclose all his assets was made by businessman Alexander Haber, who is suing Hill to recover $30 million invested in the now failed scheme.

Hill never complied with the order, forcing Haber to make an application for him to be committed to prison if he fails to comply with the court order by June 19.

Hill did make the June deadline but failed to make full disclosure, prompting another application from Haber to have him committed to prison.

When the matter came up for hearing on July 24, Hill's legal team asked for more time to fully comply with the order, which they failed to do last week Wednesday.

Hill was last week given until yesterday to fully comply with the order as the judge felt that his failure to meet last week's deadline was not deliberate.

But yesterday Haber's lawyer, Conrod George from the firm Hart Muirhead Fatta, told the Observer that Brooks' decision to vacate the committal to prison order would be appealed.

The disclosure of assets is a part of the lawsuit brought against Hill by Haber, who claimed that he invested the money with the scheme in 2007.

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