Macro Newman investigation sees ASIC cancel Rochelle Weinert credit licence

Macro Newman investigation sees ASIC cancel Rochelle Weinert credit licence
Macro Newman investigation sees ASIC cancel Rochelle Weinert credit licence

ASIC has cancelled the credit licence of Rochelle Weinert.

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

Ms Weinert is a mortgage broker.

ASIC’s concerns about Ms Weinert relate to her involvement in a property development in Newman, Western Australia, known as the ‘Newman Estate Project’.

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

ASIC's investigation into Ms Weinert's conduct was part of an ongoing investigation into the Macro Group of Companies.

ASIC actions to date as a result of the investigation into the Macro Group of Companies have included applications to the Federal Court, resulting in the appointment of liquidators to 24 companies within the Macro Group and and the permanent banning of Veronica Macpherson from providing financial services.

Tags: 
Macro Group Newman

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