Bankruptcy Legislation Amendment Act 2002 (131 of 2002)

Schedule 1   Amendments

Part 1   Amendments

Bankruptcy Act 1966

86   Section 139K (definition of dependant )

Repeal the definition, substitute:

dependant , in relation to a bankrupt in relation to a contribution assessment period, means a person who satisfies all the following conditions:

(a) the person resides with the bankrupt;

(b) the person is wholly or partly dependent on the bankrupt for economic support;

(c) the income derived (or likely to be derived) by the person during the contribution assessment period is not more than the amount prescribed by the regulations for the purposes of this paragraph.

For the purposes of this definition, income has its ordinary meaning.