8Certificate of conversion

#### 8 Certificate of conversion 8 Certificate of conversion > > (1) If the Attorney General is satisfied that— > > > > > (a) AMP’s application complies with section 7, and > > > > > (b) AMP’s creditors are not likely to be materially prejudiced by the conversion, > > > > then, unless subsection (2) applies, the Attorney General must give notice under subsection (4) that the Attorney General intends to issue a certificate of conversion. > > > (2) The Attorney General must not give notice under subsection (4) that the Attorney General intends to issue a certificate of conversion, if the Attorney General is satisfied that— > > > > > (a) the manner of accounting for the issue of the shares by NHL is inappropriate, having regard to the applicable requirements of Part 3.6 of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) and the statement required by section 7 (2) (g), or > > > > > (b) the obligations that would be attached to the shares are unreasonable. > > > (3) Before making a decision in relation to subsection (1) (b), the Attorney General may direct AMP in writing— > > > > > (a) to notify some or all of its creditors of the proposed conversion in the way that the Attorney General specifies, and > > > > > (b) to invite those creditors to make submissions to the Attorney General within a period not exceeding two weeks from a date specified in AMP’s notification. > > > (4) The notice must be published in the Gazette and must state— > > > > > (a) that the Attorney General will issue the certificate of conversion one month after the notice has been published in the Gazette unless prevented by an order of a court from doing so, and > > > > > (b) the effect of the issue of the certificate of conversion. > > > (5) Subject to an order of a court, the Attorney General must issue a certificate of conversion as soon as practicable after the period of one month has ended. > > > (6) A copy of the certificate must be published in the Gazette as soon as practicable.