Property group consents to extend ASIC interim orders
The interim orders restraining the providing and promotion of financial advice at Perth-based Macro Realty Group and its associated companies is still leaving the realtor in the lurch, with director Desiree Macpherson consenting to further enquiry.
The Australian Securities and Investments Commission (ASIC) obtained a range of interim orders in the Perth Federal Court on 21 July, which saw property developer, Macpherson and the Macro Companies, restricted from providing financial services.
Consent orders obtained today will see the interim orders continue until 30 June 2017, or until further order.
The orders against Macpherson and companies associated with Macro Realty Group, where she is a shareholder, have been sought following ASIC's investigation in the Pilbara region of Western Australia.
The investigation into the Macro Companies will continue.
AUTHOR
Hope William-Smith
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