SOCIAL SERVICES CONTRIBUTION.

No. 3 of 1949.

An Act to amend the Social Services Contribution Act 1945–1948.

[Assented to 12th March, 1949.]

[Date of commencement, 9th April, 1949.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Social Services Contribution Act 1949.

(2.) The Social Services Contribution Act 1945–1948 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Social Services Contribution Act 1945–1949.

The First Schedule.

2. The First Schedule to the Principal Act is amended—

(a) by omitting from paragraph (1.) the word “three-fiftieths” and inserting in its stead the word “three-eightieths”; and

(b) by omitting paragraph (2.) and inserting in its stead the following paragraph:—

“(2.) The concessional rate of contribution for every £1 of the contributable income shall be—

(a) in any case where the contributable income exceeds the rebatable amount by less than £100—the rate which bears the same proportion to Threepence as the amount of that excess bears to £100;

(b) in any case where the contributable income exceeds the rebatable amount by not less than £100 but less than £500—the rate which would be the basic rate if the contributable income of the contributor were equal to the amount of that excess; and

(c) in any case where the contributable income exceeds the rebatable amount by £500 or more—One shilling and sixpence.”.

Application or amendments.

3. The amendments effected by section two of this Act shall not apply to assessments for a financial year prior to that commencing on the first day of July, One thousand nine hundred and forty-nine.

(c) in all other cases—as set out in the third column of that Schedule.”.

The Schedule.

4. The Schedule to the Principal Act is repealed and the following Schedule inserted in its stead:—

“THE SCHEDULE. Section 5.