(1) For this chapter,
"protected property" , of a person, means property of the person of a kind
mentioned in a relevant provision that would not, if the person became a
bankrupt under the Bankruptcy Act 1966 (Cwlth) , be divisible amongst the
person’s creditors.
(2) A regulation may make provision for how the
Bankruptcy Act 1966 (Cwlth) , section 116(2) is to apply for the purpose of
subsection (1) .
(3) In this section—
"relevant provision" means the following provisions of the Bankruptcy Act 1966
(Cwlth) —