Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor the purposes of paragraph 116(2)(ca) of the Act, the maximum aggregate value of property used by the bankrupt primarily as a means of transport 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--$8,100; or
(c) if the date of the bankruptcy is in the financial year beginning on 1 July 2021 or a later financial year--$8,100:
(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 value of motor vehicle | ||
Item | Column 1 Financial year | Column 2 Amount |
1 | 2019 - 20 | $8,100 |
2 | 2018 - 19 | $8,000 |
3 | 2017 - 18 | $7,900 |
4 | 2016 - 17 | $7,800 |
5 | 2015 - 16 | $7,700 |
6 | 2014 - 15 | $7,600 |
7 | 2013 - 14 | $7,500 |
8 | 2012 - 13 | $7,350 |
9 | 2011 - 12 | $7,200 |
10 | 2010 - 11 | $7,050 |
11 | 2009 - 10 | $6,850 |
12 | 2008 - 09 | $6,700 |
13 | 2007 - 08 | $6,500 |
14 | 2006 - 07 | $6,300 |
15 | 2005 - 06 | $6,150 |
16 | 2004 - 05 | $6,000 |
17 | 2003 - 04 | $5,900 |
18 | 2002 - 03 | $5,800 |
19 | 2001 - 02 | $5,650 |
20 | 2000 - 01 | $5,500 |
21 | 1999 - 2000 | $5,200 |
22 | 1998 - 99 | $5,050 |
23 | 1997 - 98 | $5,000 |
24 | 1996 - 97 | $5,000 |