Bankruptcy Regulations 2021
PART 6
-
ADMINISTRATION OF PROPERTY
Division 7
-
Contributions by bankrupt
SECTION 36
36
CONTRIBUTION ASSESSMENT
-
INCOME OF DEPENDANT
For the purposes of paragraph (c) of the definition of dependant in section 139K of the Act, the prescribed amount of income derived (or likely to be derived) by a person during a contribution assessment period is: (a) if the period begins between 5 May 2003 and 30 June 2003 - $2,500; or (b) if the period begins in a financial year specified in column 1 of an item of the following table - the amount specified in column 2 of that item; or (c) if the period begins in the financial year beginning on 1 July 2020 - $3,741; or (d) if the period begins in a later financial year - $3,741 indexed in accordance with section 114 of this instrument as if the period were that financial year.
For the purposes of paragraph (c) of the definition of dependant in section 139K of the Act, the prescribed amount of income derived (or likely to be derived) by a person during a contribution assessment period is: (a) if the period begins between 5 May 2003 and 30 June 2003 - $2,500; or (b) if the period begins in a financial year specified in column 1 of an item of the following table - the amount specified in column 2 of that item; or (c) if the period begins in the financial year beginning on 1 July 2020 - $3,741; or (d) if the period begins in a later financial year - $3,741 indexed in accordance with section 114 of this instrument as if the period were that financial year.
Note:
Indexed amounts could in 2021 be viewed on the Australian Financial Security Authority ' s website (http://www.afsa.gov.au).
| Maximum income of dependant | ||
| Item | Column 1 | Column 2 |
| Financial year | Amount | |
| 1 | 2019-20 | $3,720 |
| 2 | 2018-19 | $3,642 |
| 3 | 2017-18 | $3,596 |
| 4 | 2016-17 | $3,532 |
| 5 | 2015-16 | $3,459 |
| 6 | 2014-15 | $3,411 |
| 7 | 2013-14 | $3,363 |
| 8 | 2012-13 | $3,264 |
| 9 | 2011-12 | $3,181 |
| 10 | 2010-11 | $3,131 |
| 11 | 2009-10 | $3,030 |
| 12 | 2008-09 | $2,942 |
| 13 | 2007-08 | $2,870 |
| 14 | 2006-07 | $2,756 |
| 15 | 2005-06 | $2,688 |
| 16 | 2004-05 | $2,611 |
| 17 | 2003-04 | $2,549 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.