Bankruptcy Legislation Amendment (Superannuation Contributions) Act 2007 (57 of 2007)

Schedule 2   Other amendments

Bankruptcy Act 1966

5   Paragraphs 116(2)(k) to (md)

Repeal the paragraphs, substitute:

(k) amounts paid to the bankrupt under a rural support scheme prescribed for the purposes of this paragraph;

(l) amounts paid to the bankrupt under a rural support scheme prescribed for the purposes of this paragraph, where the amounts are paid in circumstances prescribed for the purposes of this paragraph;

(m) prescribed amounts paid to the bankrupt under a rural support scheme prescribed for the purposes of this paragraph;

(ma) prescribed amounts paid to the bankrupt under a rural support scheme prescribed for the purposes of this paragraph, where the amounts are paid in circumstances prescribed for the purposes of this paragraph;

(mb) amounts paid to the bankrupt by the Commonwealth as compensation in relation to the loss of:

(i) an amount covered by paragraph (k), (l), (m) or (ma); or

(ii) property purchased or acquired wholly or partly with such an amount;