Document ID: chunk:federal_register_of_legislation:F2024C00932:reg:7
Version: federal_register_of_legislation:F2024C00932
Segment Type: reg
Provision Reference: reg 7
Character Range: 9166–10359

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.