Authorities have finally moved on notorious cancer fraudster Belle Gibson, raiding her home to seize her assets and pay back her six-figure fine.

Daily Mail Australia can exclusively reveal Victorian Sheriff's officers executed a 'seize and sell' warrant on the con artist's home in Melbourne on Wednesday.

The discredited 'Whole Pantry' founder has been living free and seemingly happy since her $410,000 fine for duping Australians was handed down in September 2017.

Consumer Affairs Victoria quietly filed for the warrant at the Federal Court in late December, six months after she insisted she wasn't 'in a position' to pay the fine.

Sheriff's Officers today descended on her white-picket semi in Northcote, in the city's north-east.

Meanwhile, it can be revealed the sum she owes the government has ballooned to more than $500,000 - including fines, interest and other penalties.

Belle Gibson's home in Melbourne's north-east was ground zero for a 'seize and sell' search warrant executed by Sheriff's Officers on Wednesday morning

Gibson has been living a free and seemingly happy life in Melbourne's north-east despite years of scrutiny and warnings she would face jail if she failed to pay her fine

In a statement, a spokeswoman for Consumer Affairs Victoria said: 'Sheriff's Officers visited an address in Northcote today to execute a warrant of seizure and sale on items belonging to Ms Gibson.

'Consumer Affairs Victoria is committed to recovering the debt Ms Gibson owes the Victorian public and will continue to pursue Ms Gibson until it is repaid in full.'

Gibson was home at her white-picket semi this afternoon but refused to comment to a growing crowd of reporters.

It's unclear what 'items' the Sheriff seized, if anything. But Gibson's mysterious finances were pored over by a court last June.

On that occasion, Gibson told the court: 'I'm not in a position to pay a $410,000 fine at this time'.

Carl Moller, the barrister for Consumer Affairs Victoria, told Gibson she had spent $91,000 over a two-year period.

He told the court she had claimed to have earned just $35,000 in that time. Gibson replied: 'I don't accept that'.

The court heard Gibson had travelled to Bali and Africa during those two years.

Gibson was hauled in front of the Federal Court last year and claimed 'I'm not in a position to pay a $410,000 fine at this time'

Gibson was briefly a celebrity - the recipient of 2014's Cosmopolitan magazine 'Fun, Fearless, Female' award after her too-incredible-to-be-true battle with cancer

Gibson was unimpressed when spotted by a news photographer in inner Melbourne last October and turned her phone on him

She splurged $13,000 on clothes, cosmetics and accessories and a further $45,000 was listed as 'discretionary spending'.

Mr Moller asked the infamous con artist: 'Can you find some money to pay off the fine?'

'No,' Gibson replied.

Gibson refused to tell the court who transferred her $1600 to fund her ongoing trip to Bali.

'Is it seriously your evidence that $1600 was deposited into your account, in three deposits in the space of about a week, and you don't know who deposited it?' Mr Moller asked.

'I'd have to speculate and I'm not willing to do that,' Gibson replied.

Asked if she would consider bankruptcy or entering a payment plan with the State of Victoria, Gibson said it was 'a consideration'.

The matter was adjourned to allow the consumer watchdog to decide whether to continue to pursue Gibson for the money or bankrupt her and write off the fines.

Now the watchdog has taken action.