s 386AC Meaning of “registrable”
386AC. For the purposes of this Part, in relation to a company (X) or a foreign company (X), a controller (A) is registrable unless —(a) A’s significant interest in or significant control over X is only through one or more controllers (B) of X; (b) A is a controller of B (or each B if more than one); and (c) B (or each B if more than one) is either —(i) a company, or foreign company to which this Part applies, that is required to keep a register of controllers under section 386AF; (ii) a company that is set out in the Fourteenth Schedule; (iii) a foreign company that is set out in the Fifteenth Schedule; (iv) a corporation which shares are listed for quotation on an approved exchange; (v) a limited liability partnership to which Part 6A of the Limited Liability Partnerships Act 2005 applies, that is required to keep a register of controllers of limited liability partnerships under that Act; (vi) a limited liability partnership that is set out in the Sixth Schedule to the Limited Liability Partnerships Act 2005; (vii) a trustee of an express trust to which Part 7 of the Trustees Act 1967 applies; or (viii) a VCC.[15/2017; 44/2018]