❓ A WA parliamentary question investigates whether the Department of State Development assisted Macro Realty Pty Ltd in promoting projects to overseas investors, following scrutiny from ASIC and other bodies. The answer denies direct assistance but acknowledges contact with a potential investor.
AnsweredQoN 4326Legislative Council
QuestionView source ↗
I refer to the Western Australian company Macro Realty Pty Ltd, recently the subject of Australian Securities and Investments Commission, Department of Commerce and State Administrative Tribunal attention, and I ask: (a) did any Department of State Development international office take part in, facilitate or otherwise assist Macro Realty Pty Ltd in the promotion of its development and investment projects to potential or actual overseas investors; and (b) if yes to (1): (i) which international office provided assistance; and (ii) what was the nature of the assistance provided?
AnswerView source ↗
Answered
21 September 2016
Responded by
Leader of the House representing the Minister for State Development
Response time
27 days
The Department of State Development advises:
(1) None of the Western Australian Trade and Investment Offices have had direct contact with, or assisted Macro Realty Pty Ltd in the promotion of its development and investment projects. However, the Middle East office was approached by a potential investor who was undertaking due diligence on a Macro Realty Pty Ltd project in Newman.
(2) The Middle East office advised the potential investor to undertake appropriate due diligence.
(1) None of the Western Australian Trade and Investment Offices have had direct contact with, or assisted Macro Realty Pty Ltd in the promotion of its development and investment projects. However, the Middle East office was approached by a potential investor who was undertaking due diligence on a Macro Realty Pty Ltd project in Newman.
(2) The Middle East office advised the potential investor to undertake appropriate due diligence.
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