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):