West Australian-based property developer, Ms Desiree Veronica Macpherson, and various companies associated with the Macro Realty Group, of which Ms Macpherson is a director and direct/indirect shareholder, (the Macro Companies) have consented to ASIC continuing various interim orders obtained in the Perth Federal Court earlier this year.
ASIC had previously obtained a range of interim orders in the Perth Federal Court on 21 July 2016 restraining Ms Macpherson and the Macro Companies from providing financial services advice, dealing in financial products, promoting financial products and otherwise carrying on a financial services business. ASIC also obtained various travel restraint and asset preservation orders at this time (refer: 16-258MR).
The consent orders obtained today continue the interim orders until 4.00pm on 30 June 2017, or until further order. The final hearing date of 19 December 2016 has now been vacated. Ms Macpherson may apply to vary the orders with 24 hours notice.
The orders were sought as part of ASIC's ongoing investigation into a land development in the Pilbara region of WA, known as "The Newman Estate", which was subject to ASIC action and Federal Court permanent restraint orders in May this year (refer: 16-092MR)
As the investigation is continuing, no further comment can be made at this time.
Background
The Macro Companies are:
- Macro Realty Developments Pty Ltd (ACN 159 678 930),
- Macro Realty Pty Ltd (ACN 143 381 060),
- Macro All State Investments and Securities Ltd (ACN 168 713 719) (former holder of an Australian financial services licence number, now cancelled: refer: 16-350MR),
- Macro Realty Developments AFSL Pty Ltd (ACN 160 620 502), and
- Pilbara Property Developments Pty Ltd (ACN 162 445 187).
Editor's note 1:
On 5 December 2017, Ms Macpherson appeared in the Perth Federal Court and in part agreed with ASIC to the extension of consent orders obtained against her in the Perth Federal Court last year relating to the the extension of interim asset preservation orders against her, as well as restraining her from providing financial services advice, dealing in financial products, promoting financial products and otherwise carrying on a financial services business until 31 May 2018 (refer: 16-258MR).
Ms Macpherson did not consent to those orders relating to her travel restraint and this matter has been set down for further hearing at 10.15am on Monday 18 December 2017 in the Perth Federal Court.
The consent orders obtained by ASIC continue until 4.00pm on 31 May 2018. Ms Macpherson may apply to vary the orders with 24-hours' notice.
Editor's note 2:
On 18 December 2017, Ms Macpherson appeared in the Perth Federal Court where the Federal Court extended the current travel restraint orders against her until 31 May 2018 (refer: 16-258MR).
Editor's note 3:
Please refer to 16-258MR for the current status of the various orders obtained against Ms Mapherson and the Macro Companies.