This article is from the Australian Property Journal archive
ASIC has extended interim orders in Perth’s Federal Court against Western Australian property developer Desiree Macpherson and Macro Realty Group.
Macpherson and various companies associated with the Macro Realty Group, of which she is a director and direct/indirect shareholder, have consented to ASIC continuing various interim orders obtained earlier this year.
ASIC had previously obtained a range of interim orders restraining 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.
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.
ASIC said as the investigation is continuing, no further comment can be made at this time.
Australian Property Journal
