Bankruptcy Regulations 2021
PART 6
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ADMINISTRATION OF PROPERTY
Division 6
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Definition of income
SECTION 35
35
FAMILY ASSISTANCE AND SOCIAL SECURITY PAYMENTS
For the purposes of subparagraph (b)(v) of the definition of income in subsection 139L(1) of the Act, the following payments or amounts are not income of a bankrupt: (a) a payment or amount of family tax benefit paid under the family assistance law (within the meaning of the A New Tax System (Family Assistance) (Administration) Act 1999 ); (b) an amount that is not income for the purposes of the Social Security Act 1991 because of subsection 8(8) of that Act, except for a payment or amount mentioned in paragraph (a), (h), (ha), (k), (ka), (m), (z), (za) or (zb) of that subsection.
For the purposes of subparagraph (b)(v) of the definition of income in subsection 139L(1) of the Act, the following payments or amounts are not income of a bankrupt: (a) a payment or amount of family tax benefit paid under the family assistance law (within the meaning of the A New Tax System (Family Assistance) (Administration) Act 1999 ); (b) an amount that is not income for the purposes of the Social Security Act 1991 because of subsection 8(8) of that Act, except for a payment or amount mentioned in paragraph (a), (h), (ha), (k), (ka), (m), (z), (za) or (zb) of that subsection.
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