386AK. Controller’s duty to provide change of information

Question 1

386AK. Controller’s duty to provide change of information

Answer 1

General overview
[386AK.01] Just as s 386AH requires the company or foreign company to rectify the register of controllers if it knows or has reasonable grounds to believe that a relevant change has occurred, so does s 386AK. Section 386AK(1) provides that a registrable controller who knows or ought reasonably to know that a relevant change has occurred in his particulars, must notify the company or foreign company stating the date of the change, and providing particulars of the change. Again, ss 386AK(1) and 386AH(1) are mutually exclusive as subsection (3) provides that a person who has complied with the notice under s 386AH(1) need not comply with s 386AK(1).