Document ID: chunk:federal_register_of_legislation:F2024C01292:clause:2_10
Version: federal_register_of_legislation:F2024C01292
Segment Type: clause
Provision Reference: sch 2 cl 10
Character Range: 192505–193615

10  At the end of section 31
Add:
 (2) For the purposes of this section, "deducted home consumption expenditure" referred to in the definition of exempt food component in section 136 is to be taken to be:
 (a) in relation to a person of the age of 12 years or over—$42; and
 (b) in relation to a person under the age of 12 years—$21.
Example: Calculation of the value of a living‑away‑from‑home allowance.
 Assume that a bankrupt living away from their family is given a living‑away‑from‑home allowance of $220 a week. Of this amount, $100 represents reasonable compensation for the costs of accommodation (i.e. the "exempt accommodation component" is $100), and $80 represents reasonable compensation for the cost of food.
 The remaining $40 is compensation for the disadvantage of living away from home in a town where facilities that would be available at home are not available.
 Under subsection 31(2), the exempt food component is $80 minus $42 (i.e. the compensation for increased food cost less the deducted home consumption expenditure). The value of the benefit is:
 $200 ‑ $100 ‑ ($80 ‑ $42) = $62