Corporations (Aboriginal and Torres Strait Islander) Regulations 2007
29‑18.01 Creditor notice requirement29‑18.01 Creditor notice requirement
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29‑18.01 Creditor notice requirement
Written objection—information (1) For paragraph 29‑18(3)(a) of the Act, the information that must be contained in a written objection is: (a) the name of the person claiming to be a substantial creditor of an amalgamating corporation; and (b) the name of the amalgamating corporation; and (c) a statement, signed by the person claiming to be a substantial creditor, that: (i) the amalgamating corporation owes a debt, or debts, to the creditor and the amount of that debt, or the sum of those debts, that is unsecured exceeds the amount mentioned in subregulation (2); and (ii) the creditor objects to the grant of the application made under section 23‑1 of the Act.
Note: It is an offence to provide a false or misleading statement to the Registrar: see section 561‑1 of the Act.
Substantial creditor—amount of debt (2) For subparagraph 29‑18(5)(a)(ii) of the Act, the amount is $2 000.
Note: Under subparagraph 29‑18(5)(a)(ii) of the Act, a person is a substantial creditor of an amalgamating corporation if the amount of a debt, or the sum of the amounts of debts, that is unsecured exceeds the prescribed amount.