The Australian Securities and Investments Commission (ASIC) has obtained extension orders from the Federal Court in Perth to appoint receivers to the assets of several company directors and companies associated with the Westpoint group.

In December ASIC sought an extension to the asset-freezing orders while its investigations continued. It felt the assets of various individuals and companies associated with Westpoint could be shifted or dissipated to the detriment of creditors.

ASIC also sought a receivership order in relation to Silkchime, similar to those made previously in relation to other companies in the Westpoint group, and an asset preservation order made in relation to Healthcare Properties.

The Federal Court indicated that orders previously made against Westpoint founder Norm Carey, Richstar Enterprises, Westpoint Realty, Bowesco, Redchime and Keypoint Developments would be extended until June 30.

The court rejected an alternative regime of court-appointed supervision proposed by Mr Carey in relation to his personal assets and those of various companies associated with him.