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Corporations (Aboriginal and Torres Strait Islander) Regulations 2017
7Registration—creditor notice requirement
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#### 7 Registration—creditor notice requirement
Written objection—information
(1) For the purposes of 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 (the creditor) 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 creditor, that:
(i) the amalgamating corporation owes a debt, or debts, to the creditor; and
(ii) the amount of that debt, or the sum of the amounts of those debts, that is unsecured exceeds the amount mentioned in subsection (2); and
(iii) 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 the purposes of subsection 29‑18(5) 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.