FINANCES ADJUSTMENT ACT. Act Xo, 16, 1937.
An Act to make further provisions in relation to certain statutory endowments and scholarships; to defme^the rate of interest payable respectively by the Metropolitan Water, Sewerage and Drainage Board and the Hunter District Water Supply and Sewerage Board upon the capital indebtedness of those Boards to the State; to validate certain matters; to amend the Metropolitan Water, Sewerage and Drainage Acts, 19241935, the Hunter District Water and Sewerage (Amendment) Act, 1928, the Finances Adjustment (Further Provisions) Act, 1933, the Widows' Pensions Act, 1925-1932, the Sydney Harbour Bridge Act, 1922, the

Special

Special Income and Wages Tax (Manage ment) Act, 1936-1937, and certain other Acts in certain respects; and for purposes connected therewith. [Assented to, 30th November, 1937.]

B

E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis lative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows :--
PART I. PRELIMINARY.

1 . This Act may be cited as the "Finances Adjust ment Act, 1 9 3 7 . " 2 . This Act is divided into Parts as follows:--
P A R T I--PRELIMINARY.

P A R T II--STATUTORY ENDOWMENTS AND SCHOLAEsHips. PART III--AMENDMENT
OF THE METROPOLITAN WATER, SEWERAGE AND DRAINAGE ACTS, 1 9 2 4 1935, AND THE HUNTER DISTRICT WATER AND SEWERAGE (AMENDMENT) ACT, 1 9 2 8 .

P A R T IV--AMENDMENT OF THE FINANCES ADJUST
MENT (FURTHER PROVISIONS) ACT, 1 9 3 3 .

PART V--AMENDMENT OF THE WIDOWS' PENSIONS
ACT, 1 9 2 5 - 1 9 3 2 .

PART V I -- A M E N D M E N T OF THE SYDNEY HARBOUR
BRIDGE ACT, 1 9 2 2 .

P A R T V I I -- A M E N D M E N T OF THE SPECIAL INCOME AND
WAGES TAX (MANAGEMENT) ACT, 1 9 3 6 - 1 9 3 7 .

P A R T VIII--VALIDATION OF CERTAIN PAYMENTS. P A R T I X -- A M E N D M E N T OF FAMILY ENDOWMENT ACT,
1927-1932. SCHEDULE.

PART

PART II.
STATUTOBY ENDOWMENTS AND SCHOLARSHIPS.

3. This P a r t of this Act shall be deemed to have com menced on the thirtieth day of June, one thousand nine hundred and thirty-four. 4 . The amount of the annual endowments payable out of the Consolidated Revenue Fund in pursuance of the enactments mentioned in the Schedule to this Act shall in the financial year commencing on the first day of July, one thousand nine hundred and thirty-four, and in the financial year commencing on the first day of July, one thousand nine hundred and thirty-five, and in the financial year commencing on the first day of July, one thousand nine hundred and thirty-six, and in respect of the period commencing on the first day of July, one thousand nine hundred and thirty-seven, and ending on the thirty-first day of December, one thousand nine hun dred and thirty-seven, be reduced by twenty per centum. 5 . The following scholarships at the University shall be reduced in the financial year commencng on the first day of July, one thousand nine hundred and thirty-four, and in the financial year commencing on the first day of July, one thousand nine hundred and thirty-five, and in the financial year commencing on the first day of July, one thousand nine hundred and thirty-six, and in respect of the period commencing on the first day of July, one thousand nine hundred and thirty-seven, and ending on the thirty-first day of December, one thousand nine hundred and thirty-seven, as follows:-- The Alexander Scholarship from ninety pounds per annum to eighty pounds per annum. The Riverina Scholarship from seventy-five pounds per annum to sixty-five pounds per annum. The Waradgery Scholarship from ninety pounds per annum to eighty pounds per annum.

PART

PART I I I .
AMENDMENT OF THE METROPOLITAN WATER, SEWERAGE AND DRAINAGE ACTS, 1924-1935, AND THE HUNTEL DISTRICT WATER AND SEWERAGE (AMENDMENT) ACT,

1928. 6 . This P a r t of this Act shall be deemed to have com menced on the thirtieth day of June, one thousand nine hundred and thirty-four. 7 . (1) The Metropolitan Water, Sewerage, and Draiuage Acts, 1924-1935, is amended by inserting next after subsection one of section seventy the following new sub section :-- (1A) Notwithstanding the provisions of subsection one of this section relating to the rate of interest payable by the board upon its capital indebtedness, the interest so payable by the board shall be at the rate of four pounds per centum per annum for the financial year ending on the thirtieth day of June, one thousand nine hundred and thirty-four, and at the rate of three pounds ten shillings per centum per annum for any subsequent financial year. (2) The Metropolitan Water, Sewerage and Drain age Acts, 1924-1935, as amended by this Act, may be cited as the Metropolitan Water, Sewerage and Drainage Aci, 1924-1937. (3) The Hunter District Water and Sewerage (Amendment) Act, 1928, is amended by inserting at the end of section four the following new subsection:-- (2) Notwithstanding the provisions of subsection one of this section relating to the rate of interest pay able by the board upon its capital indebtedness, the interest so payable by the board shall be at the rate of four pounds per centum per annum for the finan cial year ending on the thirtieth day of June, one thousand nine hundred and thirty-four, and at the rate of three pounds ten shillings per centum per annum in any subsequent financial year.

PART

PART AMENDMENT

IV. (FURTHER

OF THE FINANCES ADJUSTMENT PROVISIONS) ACT, 1 9 3 3 .

8 . (1) The Finances Adjustment (Further Pro visions) Act, 1 9 3 3 , is amended by omitting section nine and by inserting in lieu thereof the following section:-- 9. ( 1 ) The Superannuation Board shall repay to the Colonial Treasurer all moneys paid before the commencement of the Superannuation (Amendment) Act, 1930, as employers' contributions pursuant to sections sixteen ami seventeen of the Superannua tion Acts, 1916-1928, by the Government of New South Wales, the Water Conservation and Irriga tion Commission, and the Sydney Harbour Trust Commissioners, less all sums payable by the Govern ment of New South Wales, the Water Conservation and Irrigation Commission, and the Sydney Harbour Trust Commissioners pursuant to section two of the Superannuation (Amendment) Act. 1930, as amended by this Act, during the period commenc ing on the first day of July, one thousand nine hundred and nineteen, and ending on the thirtieth day of June, one thousand nine hundred and twentynine, both inclusive. Interest at the rate of three and one-half per centum per annum shall be paid in respect of such moneys, and allowed in respect of such sums during the period up to and including the thirtieth day of June, one thousand nine hundred and thirty-three. (2) The balance repayable in accordance with subsection one of this section, ascertained as at the thirtieth day of June, one thousand nine hundred and thirty-three, amounts to three million eight hundred and thirty-two thousand pounds. (3) The amount specified in subsection two of this section shall be repayable on and from the first day of July, one thousand nine hundred and thirtythree, and shall be repaid, with interest at the rate of

of three and one-half per centum per annum on the balance from time to time unpaid, by equal monthly instalments over a period of fifteen years and the first of such instalments shall be deemed to have become due on the thirty-first day of July, one thousand nine hundred and thirty-three. (4) The instalments paid from time to time pursuant to subsection three of this section shall be credited by the Colonial Treasurer to the Consoli dated Revenue Fund, and the Sydney Harbour Trust Fund, in such manner as to him appears just, having regard to the moneys paid out of each of such Funds by way of employers' contributions and to any moneys paid or credited pursuant to section two of the Superannuation (Amendment) Act, 1930, or to that section as amended by this Act. (2) This section shall be deemed to have com menced on the twelfth day of December, one thousand nine hundred and thirty-three.

P A R T V.
AMENDMENT OF THE WIDOWS' PENSIONS ACT,

1925-1932.

9 . This P a r t of this Act shall be deemed to have com menced on the sixth day of October, one thousand nine hundred and thirty-seven. 1 0 . The Widows' Pensions Act, 1925-1932, as amended by this Act, may be cited as the Widows' Pensions Act, 1925-1937. 1 1 . (1) The Widows' Pensions Act, 1925-1932, is amended-- (a) by omitting from subsection one of section fourteen the words "seventeen shillings and sixpence" and by inserting in lieu thereof the words "one p o u n d " ;

(b)

(b) by omitting from the same subsection the words "eight shillings and nine pence" and by insert ing in lieu thereof the words " t e n shillings." (2) The Finances Adjustment Act, 1932, is amended by omitting sub-paragraphs (i) and (ii) of para graph (b) of section six.

P A R T VI.
AMENDMENT OF THE SYDNEY HARBOUR BRIDGE ACT, 1922.

1 2 . The Sydney Harbour Bridge Act, 1922, as amended by subsequent Acts and by this Act, may be cited as the""Sydney Harbour Bridge Act, 1922-1937." 1 3 . The Sydney Harbour Bridge Act, 1922, as amended by subsequent Acts, is amended by omitting from subsection one of section nine the words ' ' one thou sand nine hundred and thirty-nine" and by inserting in lieu thereof the words "one thousand nine hundred and thirty-seven."

P A R T VII.
AMENDMENT OF SPECIAL INCOME AND WAGES TAX (MANAGEMENT) ACT, 1936-1937.

1 4 . (1) The Special Income and Wages Tax (Man agement) Act, 1936-1937, is in this P a r t referred to as the Principal Act. (2) The Principal Act, as amended by this Act, may be cited as the "Special Income and Wages Tax (Management) Acts, 1936-1937." 1 5 . The Principal Act is amended-- (a) by omitting from the definition of " D e p e n d a n t " in subsection two of section two the words " h e r from all sources d o e s " and by inserting in lieu thereof the words "such spouse from all sources during the year ending on the thirtieth day of June, one thousand nine hundred and thirtyseven d i d " ; (b)

(b) by omitting paragraph (j) of subsection one of section eight and by inserting in lieu thereof the following paragraphs:-- " ( j ) the income from wages derived by any person after the thirty-first day of October, one thousand nine hundred and thirty-seven, from employment upon any work declared by the Governor in accordance Avith section 8B of the Industrial Arbitration (Eight Hours) Amend ment Act, 1930, as amended by subsequent Acts, to be a work for the unemployed. This exemption shall extend only to the income of persons who are in receipt of wages and bonuses at the rates directed by the Minister pursuant to section 8B of the Industrial Arbitra tion (Eight Hours) Amendment Act, 1930, as amended by subsequent Acts; (jl) the income from wages derived by any person after the thirty-first day of October, one thousand nine hundred and thirty-seven, upon approved works within the meaning of section five of the (Commonwealth) Loan (Unemploy ment Relief Works) Acts, 1932." 1 6 . The Special Income and Wages Tax (Manage ment) Amendment Act, 1937, is amended by inserting at the end of subsection two of section three the following proviso:-- Provided that where the income derived from a pension is income from wages the amendment effected by paragraph (d) of subsection one of this section shall apply to such income from the pension derived after the thirtieth day of November, one thousand nine hundred and thirty-seven. 1 7 . The Principal Act is further amended-- (a) (i) by omitting from subsection six of section twelve all the words after " h i m " and by inserting in lieu thereof the words ' The rebate under this subsection shall be deemed to
:

to be allowed in respect of the income derived during the period commencing on the first day of December, one thousand nine hundred and thirty-six, and ending on the thirtieth day of June, one thousand nine hundred and thirty-seven (or in respect of the final seven months where a return is furnished for the twelve months ending on a date other than the thirtieth day of June, one thousand nine hundred and thirtyseven) " ; (ii) by inserting in subsection seven of the same section after the word "thirty-seven" the words "exceeded one hundred and fifty-six pounds b u t " ; (b) (i) by inserting in subsection one of section 18A after the word " s h a l l " the words " i n respect of income from wages derived after the thirtieth day of November, one thousand nine hundred and thirty-seven"; (ii) by omitting subsections four and five of the same section and by inserting in lieu thereof the following subsections :-- (4) (a) The rebate from Wages Tax payable upon income from wages derived prior to the first day of June, one thousand nine hundred and thirty-eight, shall be calculated according to the number of de pendants of the employee on the first day of December, one thousand nine hundred and thirty-seven. (b) The rebate from Wages Tax pay able upon income from wages derived be tween the first day of June, one thousand nine hundred and thirty-eight and the thirtyfirst day of October, one thousand nine hun dred and thirty-eight, both days inclusive, shall be calculated according to the number of dependants of the employee on the first day of June, one thousand nine hundred and thirty-eight. (c)

(c) Where an employee ceases to be entitled to a rebate under this section in respect of any person claimed as a depen dant in the prescribed declaration furnished by him to his employer such employee shall, within the time and in the manner pre scribed furnish to his employer a further declaration as prescribed. (d) Every employee who claims a rebate in respect of an additional dependant shall, within the time and in the manner prescribed, furnish to his employer a further declaration as prescribed. ( 5 ) Where an arrangement satisfactory to the Commissioner is made between any employer and the Commissioner, or between any group of employers and the Commis sioner, the Commissioner may approve, subject to such terms and conditions as he may think fit, of such modifications of the provisions of this section relating to the furnishing of declarations as he considers necessary to meet the circumstances of the particular case. Where the Commissioner so approves he shall in writing notify the employer, or group of employers, of such modifications and of the terms and con ditions to which the approval of such modi fications is subject. (iii) by omitthig from subsection seven of the same section the words "furnish to his employer within fourteen days after any person ceases to be a dependant of that emploj'ee a further declaration in the pre scribed m a n n e r " and by inserting in lieu thereof the words "comply with the provi sions of paragraph (c) of subsection four of this section"; (iv) by omitting from subsection eight of the same section the words "furnish to his employer within fourteen days after any person

person ceases to be a dependant a further declaration as required b y " and by inserting' in lieu thereof the words "comply with the provisions of paragraph (c) of subsection four of."

PART V I I I .
VALIDATION OF CERTAIN PAYMENTS.

1 8 . The payment by the Deputy Commissioner for Road Transport and Tramways during the period com mencing on the second day of March, one thousand nine hundred and thirty-seven, and terminating on the eighth day of August, one thousand nine hundred and thirtyseven, of sums for or in relation to estate in lands used in connection with, or profits or earnings derived from, the operation of motor omnibus services for which Use service licenses were cancelled as from the first day of March, one thousand nine hundred and thirty-seven, is hereby validated.

P A R T IX.
AMENDMENT OF FAMILY ENDOWMENT ACT, 1927-1932.

1 9 . (1) The Family Endowment Act, 1927-1932, as amended by this Act, may be cited as the "Family Endow ment Act, 1927-1937." (2) This P a r t of this Act shall be deemed to have commenced on the first day of November, one thousand nine hundred and thirty-six. 2 0 . The Family Endowment Act, 1927-1932, is amended-- (a) by omitting from subsection two of section forty-one the figures " 1 9 2 8 " and by inserting in lieu thereof the figures " 1 9 3 6 " ; (b)

(b) by inserting at the end of the same section the following new subsection:-- (3) The provisions of section three hundred and one and of section three hundred and two of the Income Tax (Management) Act, 1936, shall apply to and in respect of any contributions payable under this Act (whether payable before or after the commencement, of the Income Tax (Management) Act, 1936) in the same manner and in all respects as if such contributions were tax within the meaning of those sections.

SCHEDULE.
N o . of Act. Short Title.

No. 22, 1900 No. 92, 1902 No. 52, 1912 No. 78, 1916 No. 54, 1899 No. 61, 1902

University and University Colleges Act, 1900, section 24. University and University Colleges (Amendment) Act, 1902, section 2. ... University (Amendment) Act, 1912, section 6. University (Amendment) Act, 1916, section 2. Library and Art Gallery Act, 1899, sections 15 and 29. The Australian Museum Act, 1902, section 12.

CONSTITUTION