Macro Realty Developments

MACRO Realty Developments specialised in the strategic acquisition, development and management of investment property in the Pilbara. In May 2016 the Department of Consumer Protection ordered that the real estate arm of the company, Macro Realty, be wound up. The department applied to the State Administrative Tribunal to obtain a supervision order after Macro Realty failed to appoint a person in control of the agency following the resignation of its previous manager in February 2016. In August 2016 ASIC obtained a Federal Court order for Macro Group to stop providing financial services or advice as an interim asset protection strategy. The Federal Court ordered the wind-up of Macro Group in May 2017.

In June 2018 ASIC permanently banned Veronica Macpherson from providing financial services. "ASIC found that in relation to Ms Macpherson’s involvement with the development and promotion of the Newman Estate Project in the Pilbara region of Western Australia that Ms Macpherson had engaged in misleading and deceptive conduct, that she was not of good fame or character, that she had engaged in dishonest conduct and that she was involved in a contravention of financial services laws. Ms Macpherson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision."