"He told me I should watch porn so I can learn how to give a blow job," she said in the statement.
While watching a pornographic movie, Mrs Borgelt claimed Mr Borgelt told her she wouldn't be "getting the breast operation [she] wanted" and asked if she liked the look of the X-rated film stars' breasts.
Magistrate Barko told the couple that although Mr Borgelt may be tight with their spending, she still received a A$10,000 (NZ$10,480) "boob job."
Mrs Borgelt also claimed her husband had put her in a choke hold and threatened to kill her when she didn't prepare dinner.
Mr Borgelt denied accusations he was abusive in any way and said that at the time he had been 'frustrated' that his wife was drinking wine instead of making dinner.
Mr Borglet joined Ashe Morgan in 2006 and is responsible for cash flow and budget, but also serves as the company secretary, according to the bank's website.
He has over 15 years of experience and has previously worked for Barclays Capital, Credit Suisse First Boston and the Royal Bank of Scotland.
He earned his degree from the University of Cape Town in South Africa.
Ashe Morgan owns investment properties across the country, including Brisbane's Chinatown mall, which it purchased in 2015.
The company announced last month plans to invest almost A$150m in Harbour Town, on the edge of Melbourne's Docklands.