ASIC cancels the Australian Financial Services licence of Macro All State Investments & Securities Limited


ASIC has cancelled the Australian Financial Services (AFS) licence of Western Australian-based Macro All State Investments & Securities Limited.

In general, the Macro AFS licence allowed Macro to:

  • provide general financial product advice;
  • deal in a financial product, issue or vary a financial product;
  • apply for, acquire, dispose of financial products on another’s behalf;
  • operate a managed investment scheme, and
  • provide a Custodian or Depository service.

The directors of Macro included Ms Desiree Veronica Macpherson.

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ASIC cancels the Australian Financial Services licence of Macro All State Investments & Securities Limited

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