1. Starr Ltd holds 70 per cent of the voting rights of Lennon Ltd. Harrison Ltd has 30 per cent of the voting rights of Lennon Ltd as well as an option to acquire half of Starr's voting rights. The option is exercisable for the next two years at a fixed price that is deeply out of the money (and is expected to remain so for that two-year period). Starr has been exercising its votes and is actively directing the relevant activities of Lennon Ltd.

Required:

Which investor (Starr Ltd or Harrison Ltd) has control over Lennon Ltd in accordance with AASB 10 Consolidated Financial Statements? Explain.