ASIC asks for liquidators to be appointed to companies associated with the Macro Group


ASIC office

ASIC has applied to the Federal Court of Australia for the appointment of liquidators to 19 ‘special purpose vehicle’ companies associated with the Macro Group, all of which have Desiree Veronica Macpherson as a director.

These are:

  • AGKM Green Pty Ltd;
  • BA Sullivan Pty Ltd;
  • Christians Holdings WA Pty Ltd;
  • Ferrous Ferric Pty Ltd;
  • Macpherson Realty Options Pty Ltd;
  • Splendiferous Enterprises Pty Ltd;
  • Aiple Enterprises Pty Ltd;
  • Brayst WA Pty Ltd;
  • Chippere Pty Ltd;
  • EDWA14 WA Pty Ltd;
  • MCKST Pty Ltd;
  • Newkins WA Pty Ltd;
  • Kurst WA Pty Ltd;
  • MacOften Pty Ltd;
  • MRF Kurra Pty Ltd;
  • Dee Vee Enterprises Pty Ltd;
  • Hedland Projects Pty Ltd;
  • Macro Projects TS PH Pty Ltd; and
  • Prime Holdings Group Pty Ltd.

ASIC alleges that the ‘special purpose vehicle’ companies are connected with fundraising efforts for property developments associated with the Macro Group, including The Newman Estate.

ASIC alleges in its application for the appointment of liquidators that:

  • the companies have been involved in multiple contraventions of corporations legislation and are not complying with their obligations under that legislation; and
  • the companies are not being properly managed and are suspected to be insolvent.

ASIC seeks orders from the Court appointing Mr Hayden White and Mr Matthew Woods of KPMG as liquidators of the companies.

ASIC’s application has been listed for hearing in the Federal Court of Australia at Perth on Tuesday, 18 July 2017.

ASIC had previously obtained orders appointing Mr White and Mr Woods as liquidators of six central companies within the Macro Group, being:

  • 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 orders are sought as part of ASIC’s ongoing investigation into a number of land developments in the Pilbara region of Western Australia, particularly one known as ‘The Newman Estate’ that was subject to ASIC action and Federal Court permanent restraint orders in May 2016.

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ASIC asks for liquidators to be appointed to companies associated with the Macro Group

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