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In forceAmended2020 Revised Edition

Part 6A · Register of Controllers

54. Central register of controllers

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Amended

Last amended by an amending law of 2024. 3 amendments in all.

(1)

This section applies where the Minister, by notification in the Gazette, directs the Registrar to maintain a central register of controllers of limited liability partnerships.

(2)

Where the Minister has directed the Registrar to maintain a central register of controllers of limited liability partnerships under subsection (1) —

(a)

the Registrar must keep a central register of controllers consisting of the particulars contained in the registers kept by limited liability partnerships to which this Part applies; and

(b)

the Registrar may require any limited liability partnership to which this Part applies to lodge with the Registrar —

(i)

all particulars contained in the limited liability partnership’s register maintained under section 47 (including the matters mentioned in section 47A(3)); and

(ii)

all updates to the limited liability partnership’s register that occur after the lodgment of the particulars under sub‑paragraph (i).

(3)

Where the Registrar requires a limited liability partnership to lodge with the Registrar the particulars, matters and updates mentioned in subsection (2)(b), the limited liability partnership must lodge the particulars, matters and updates in the prescribed form and manner and within the prescribed time.

(4)

If a limited liability partnership fails to comply with subsection (3), the limited liability partnership, and every partner of the limited liability partnership who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $25,000.

(5)

Subject to subsection (6), the Registrar must not disclose, or make available for inspection, the central register of controllers of limited liability partnerships kept by the Registrar under this section to any member of the public.

(6)

The Registrar may disclose prescribed information in the central register of controllers of limited liability partnerships to prescribed persons under prescribed circumstances.

(7)

To avoid doubt, different information and persons may be prescribed under subsection (6) for different prescribed circumstances.[32M

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