Bankruptcy Regulations 2021

SCHEDULE 2 - MODIFICATIONS OF THE FBTA ACT  

Note:

1   Subsections 7(1), (2), (3) and (4)  
Repeal the subsections, substitute:

(1)
Where, at any time on a day, a person:

(a) applies a car held by the person; or

(b) makes a car held by the person available;

for the private use of a bankrupt, the car is taken, for the purposes of this Act, to constitute a benefit provided on that day by the person to the bankrupt.