Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (118 of 2018)

Schedule 1   Debt agreement proposals

Part 4   Payment to income ratio

Bankruptcy Act 1966

20   At the end of subsection 185C(4)

Add:

; or (e) if subsection (2AB) does not apply to the debtor - the amount worked out using the following formula (expressed as a percentage) exceeds the percentage determined in an instrument under subsection (4B) (unless subsection (4C) applies to the debtor):