What is a Controller?
The Corporations Act also covers persons who are referred to as "controllers". The term is defined as a receiver, or receiver and manager, of that property or anyone else who is in possession, or is in control of that property with the purpose of enforcing a charge.
So the Corporations Act also deals with mortgagees and their agents who enter into possession of secured property owned by a company or who assume control of the property.
If the Bank is threatening to appoint a receiver you should CALL US NOW for CONFIDENTIAL FREE ADVICE on your options.
If you like to learn more about receivership click here.
