This article is from the Australian Property Journal archive
THE Federal Court has wound up the Macro Group Companies, which were promoted by property spruiker Jamie McIntyre, who enticed investors with the tagline ‘Do you know how to buy Australian property, no money down?’.
The Federal Court in Perth has appointed KPMG’s Hayden White and Matthew Woods as liquidators of Macro Realty Developments Pty Ltd, Macro Realty Developments AFSL Pty Ltd, Macro All State Investments and Securities Ltd, Pilbara Property Developments Pty Ltd, Macro Realty Pty Ltd and 511 GTN Pty Ltd.
The companies are linked to West Australian-based property developer Desiree Veronica Macpherson. In August last year, the Federal Court ordered Macpherson surrender her passport to prevent her from leaving the country.
The provisional liquidator appointment is part of ASIC’s ongoing investigation into a number of land developments in the Pilbara region of Western Australia, in particular a development known as ‘The Newman Estate’, which was subject to ASIC action and Federal Court permanent restraint orders in May last year.
ASIC previously obtained orders against Macro Realty Development and companies associated with Jamie McIntyre in March last year, banning McIntyre’s 21 Century from promoting and marketing the investment proposal at The Newman Estate.
The investment proposal was promoted using the tagline ‘Do you know how to buy Australian property, no money down?’, involved investors becoming a director and shareholder of Macro Realty by acquiring the properties from Macro through this company.
In return, they would receive a director’s fee but investors have to agree that Macro would be the sole decision maker for the company.
When contacted by Australian Property Journal, ASIC could not confirm or deny whether McIntyre is still associated with the companies following the Federal Court decision in March last year.
“We are unable to comment on whether Mr McIntyre is still associated with the relevant companies in some capacity,” an ASIC spokesperson said.
APJ contacted the liquidators KPMG in March, however they were unable to comment. McIntyre’s 21 Century was also contacted for comment but he could not be reached.
Australian Property Journal
