Commonwealth Numbered Regulations

BANKRUPTCY REGULATIONS 2021 (F2021L00261) - REG 36

                   For the purposes of paragraph (c) of the definition of dependant in section 139K of the Act, the prescribed amount of income derived (or likely to be derived) by a person during a contribution assessment period is:

                     (a)  if the period begins between 5 May 2003 and 30 June 2003--$2,500; or

                     (b)  if the period begins 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

                     (c)  if the period begins in the financial year beginning on 1 July 2020--$3,741; or

                     (d)  if the period begins in a later financial year--$3,741 indexed in accordance with section 114 of this instrument as if the period were that financial year.

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