CURRENT AS OF 20TH SEPTEMBER 2010.
PART 2 OF 3.
BASE INCOME THRESHOLD:
No dependants $45,163.30.
ACTUAL INCOME THRESHOLD:
With dependants.
1 dependants $53,292.69
2 dependents $57,357.39
3 dependents $59,615.56
4 dependents $60,518.82
over 4 dependents $61,422.09
A dependent is allowed to earn an income up to $3049.00 during the contribution assessment period. they will still be considered a dependant for the purpose of calculation a bankrupt's income contribution liability.
$5000.00 is the minimum judgement amount upon which a bankruptcy notice can be based.
The minimum judgement amount is set by the Bankruptcy Act and is not indexed.
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