Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For subparagraph (b) (v) of the definition of income in section 139L of the Act, the following payments or amounts are not income of a bankrupt:
(a) a payment or amount of family tax benefit paid under the family assistance law;
(b) an amount that is not income for the purposes of the
Social Security Act 1991 because of subsection 8 (8) of that Act, except for a
payment or amount mentioned in paragraph (a), (h), (ha), (k), (ka), (m), (z),
(za) or (zb) of that subsection.
(2) For this regulation, family assistance law has the same meaning as in the A New Tax System (Family Assistance) (Administration) Act 1999 .