386AJ. Controller’s duty to provide information

Question 1

386AJ. Controller’s duty to provide information

Answer 1

General overview
[386AJ.01] Section 386AJ(1) requires that a person who knows or ought reasonably to know that another person is a registrable controller in relation to a company or foreign company, must notify the company or foreign company accordingly, and state the date when that other person became a registrable controller. Sections 386AJ and 386AG(2) are mutually exclusive as subsection (3) provides that a person who has complied with the notice under s 386AG(2) need not comply with s 386AJ(1).