A control gate for a channel or pond adapted to be installed across a channel for liquids. The control gate includes: at least two panels hingedly connected together, the panels having opposing sides in sealing engagement with side walls of the channel, a lowermost panel being in sealing engagement with the floor of the channel. The panels are substantially vertically aligned in a fully closed position of the control gate. At least one first lifting element is connected to the top of an uppermost panel and is adapted to lower and raise the uppermost panel relative to its hinged connection in a concertina manner to provide an overshot position for the control gate. At least one second lifting element is connected to the bottom of the lowermost panel to raise and lower the lowermost panel from the floor of the channel to provide an undershot position for the control gate.