Bankruptcy Amendment Regulations 2010 (No. 1) (195 of 2010)

Schedule 1   Amendments

[11]   Subregulation 6.12B (2)

substitute

(2) Contributions for a year are taken to be income of a person if:

(a) the contributions exceed 9% of the employee’s ordinary time earnings for the year; and

(b) the employer has an obligation to make the contributions that arise under an individual industrial agreement; and

(c) the contributions are not contributions of the kind mentioned in subparagraph (1) (b) (iii).