AIIP are of the view that the current version of RG 16 serves to deal with two distinct functions of an external administrator and/or controller, which we believe should be addressed individually, rather than viewed as one task. Those two distinct functions being: – 1. the obligation to investigate (pursuant to section 533(1(a)-(c), and then 2. the obligation to report to ASIC (pursuant to section 533((1)(d). To read more, head to Resources in your member area.