Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) a person (the controller ) is appointed as, or ceases to be, the controller of property of a sub - fund of a CCIV; and
(b) one or more persons, other than the CCIV, holds assets of the sub - fund of the CCIV;
the controller must, as soon as practicable, and in any event within 3 business days after the controller's appointment or cessation, notify each such person in writing of the appointment or cessation.