Essential Skills: Bankruptcy
Income contribution assessments

Assessing a bankrupt’s income contributions is complicated by the wide definition of ‘income’ contained in s 139W of the Bankruptcy Act.

This course explains what constitutes ‘income’ for the purposes of the Act, how the compulsory contribution scheme works and the resources available to assist collecting contributions payable.

You’ll gain a working knowledge of how to assess a bankrupt’s income for the purposes of determining the contribution payable, and the framework and tools available for the collection of contributions.

Consideration is also had of the likely impact of the Bankruptcy Amendment (Enterprise Incentives) Bill 2017, if enacted.

Learning objectives

At the end of this course you will be able to:

  • Estimate a bankrupt’s income for the purposes of the Bankruptcy Act.
  • Calculate the contribution payable by the bankrupt under the Act.
  • Describe the contribution collection process.


We recommend you have one year of on-the-job experience prior to attending these courses.

Course format

A two-hour presentation covering the theory, plus a practical activity to ensure understanding of the issues.


Members & non-members: $199 (GST incl.)


Up to 2 CPE hours. 

Please see our enrolment and cancellation policy . For further information contact our education team.