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Jerry and Kara are married. Due to the failure of his business, Jerry has declared bankruptcy on 1 January 2023. Kara is not bankrupt or

Jerry and Kara are married. Due to the failure of his business, Jerry has declared bankruptcy on 1 January 2023. Kara is not bankrupt or insolvent. The asset that would generally not be exempt from Jerry's bankruptcy estate is: Question 6Answer a life insurance policy owned by Jerry proceeds from the payment of a total and permanent disability payment paid to Kara on 5 January 2023 the balance of Jerry's accumulation superannuation fund spouse contribution of $50,000 from Jerry to Kara on 1 October 2022

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