14/06/2019 - 14:52

ASIC cancels Macro broker’s licence

14/06/2019 - 14:52

Bookmark

Save articles for future reference.

The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

ASIC says its actions to date have resulted in the appointment of liquidators to 24 companies within the Macro Group.

The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

ASIC found that Ms Weinert acted dishonestly and was not a fit and proper person to engage in credit activities.

The regulator said its concerns about Ms Weinert related to her involvement in the Pilbara property development known as the Newman Estate project.

ASIC said its actions to date had resulted in the appointment of liquidators to 24 companies within the Macro Group,  including Macro Realty Developments, and the permanent banning of Veronica Macpherson from providing financial services.

Ms Macpherson was the director of Macro Group, which went into liquidation in 2017.

The company came under investigation by ASIC in September 2015 after it promoted a $100 million property trust that did not adhere to Australian company regulations.

Ms Weinert has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options