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Two provisional liquidators from KPMG are being sought by the corporate watchdog in a tangled financial services case.
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ASIC eyes KPMG in complex liquidation
27 February 2017
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8 minute read
ASIC has applied to the Federal Court of Australia to appoint KPMG’s Hayden White and Matthew Woods to liquidate six companies that fall under the Macro Group.
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All six companies, including Macro Realty Developments, Macro All State Investments and Securities, Pilbara Property Developments and 511 GTN, among others, list Desiree Veronica Macpherson as their director.
ASIC alleges the companies have all been involved in multiple contraventions of corporations legislation, and suspect they are insolvent.
The desired appointment comes as part of ASIC’s ongoing investigation into various land developments in the Pilbara region of Western Australia.
ASIC already obtained orders last year restraining Ms Macpherson and the companies, with the exception of 511 GTN, from providing financial advice, financial products and carrying on financial services.
The current application to the Federal Court seeks to have Mr White and Mr Woods provide a detailed report to the court on the financial position of each company to ascertain whether they need to be wound up.
The application will be heard on 14 March.
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