Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BANKRUPTCY REGULATIONS 2021 - REG 26

Maximum amount payable to employee

    For the purposes of paragraph   109(1)(e) of the Act, the maximum amount due to or in respect of an employee of a bankrupt is:

  (a)   if the date of the bankruptcy is in a financial year specified in column 1 of an item of the following table--the amount specified in column 2 of that item; or

  (b)   if the date of the bankruptcy is in the financial year beginning on 1   July 2020--$4,600; or

  (c)   if the date of the bankruptcy is in the financial year beginning on 1   July 2021 or a later financial year--$4,600:

  (i)   indexed in accordance with section   114 of this instrument; and

  (ii)   rounded down to the nearest multiple of $50.

Note:   Indexed amounts could in 2021 be viewed on the Australian Financial Security Authority's website (http://www.afsa.gov.au).

 

Maximum amount payable to employee

Item

Column 1

Financial year

Column 2

Amount

1

2019 - 20

$4,600

2

2018 - 19

$4,550

3

2017 - 18

$4,500

4

2016 - 17

$4,450

5

2015 - 16

$4,400

6

2014 - 15

$4,350

7

2013 - 14

$4,300

8

2012 - 13

$4,200

9

2011 - 12

$4,150

10

2010 - 11

$4,100

11

2009 - 10

$4,000

12

2008 - 09

$3,950

13

2007 - 08

$3,850

14

2006 - 07

$3,750

15

2005 - 06

$3,650

16

2004 - 05

$3,550

17

2003 - 04

$3,500

18

2002 - 03

$3,450

19

2001 - 02

$3,350

20

2000 - 01

$3,300

21

1999 - 2000

$3,150

22

1998 - 99

$3,100

23

1997 - 98

$3,100

24

1996 - 97

$3,100

 



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback