Schedule 1

Forms

Current

Note:

See subsection 9(1).

Schedule 2—Modifications of the FBTA Act

Note:

See the definition of FBTA Act in section 4 and subsection 33(2).

FBTA Act

1 Subsections 7(1), (2), (3) and (4)

Repeal the subsections, substitute:

(1)

Where, at any time on a day, a person:

(a)

applies a car held by the person; or

(b)

makes a car held by the person available;

for the private use of a bankrupt, the car is taken, for the purposes of this Act, to constitute a benefit provided on that day by the person to the bankrupt.

2 Subsections 8(1) and (2)

Repeal the subsections.

3 Section 9

Repeal the section, substitute:

This Act’s bill:Explanatory statement

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