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ASIC obtains Court Order winding up 18 Macro-Group associated companies

Editorial Staff

The Federal Court of Australia has ordered the winding up of 18 companies associated with the Macro Group, all of which have Desiree Veronica Macpherson as a director.

ASIC has concerns that the companies have been involved in multiple breaches of the Corporations Act, were not being properly managed and were potentially insolvent.

The winding up of the companies 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

The companies 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;
EDWY14 WA Pty Ltd;
MCKST Pty Ltd;
Newkins WA Pty Ltd;
Kurst WA 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.

SOURCE: http://www.asic.gov.au/about-a...