Who is a Controlling Person?
Controlling Person is generally a natural person who exercises control over an entity. Control depends on the legal structure of the entity.
For a corporation, a Controlling Person may include a director, senior management and any natural person who holds, directly or indirectly, more than 25 percent of the shares or voting rights of an entity as a beneficial owner.
For a trust, a Controlling Person may include the settlor(s), the trustee(s), the protector(s) (if any), the beneficiary(ies) or class(es) of beneficiaries and any other natural person(s) who exercise effective control over the trust.
For a partnership, Controlling Person means any natural person who exercises control through direct or indirect ownership of the capital or profits of the partnership, voting rights in the partnership or who otherwise exercises control over the management of the partnership.
Commonly asked questions
- What is my Suncorp BSB?
- What are my daily limits, and how do I change it?
- How do I change my name and contact details on my accounts?
- How do I create and add sub-accounts to an existing Everyday Options Account?
- What flexiRates are currently available?
- Where can I find my account number?
- How can I deposit money into my account?