Veronica Macpherson

BHP Billiton’s plans to renew the lease on its fly-in, fly-out camp on the outskirts of Newman, rather than take up existing empty housing in the town, has prompted a chorus of dissent from Pilbara-focused property groups.

The end of the resources boom has resulted in a bleak prognosis for Pilbara property, but not all players think the region is on its last legs.

The corporate watchdog has stopped Perth-based Macro Realty Developments from promoting a Pilbara property investment that ran afoul of Australian company regulations.

The Federal Court has permanently restrained the marketing and promotion of a Pilbara property scheme involving Perth-based Macro Realty Developments and east coast investment promoter Jamie McIntyre.

Pilbara-focused developer Veronica Macpherson has been blocked from leaving the country by the corporate regulator and her Macro Realty Developments business has been ordered to stop providing financial advice.

Veronica Macpherson’s Macro Realty Developments has had its Australian financial services licence torn up by the corporate regulator.

The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.

The Federal Court has granted the corporate watchdog’s request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.

A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.