FINANCE (FAMILY ENDOWMENT TAX) ACT. Act No. 10, 1932.
An Act to declare the rates at winch contributions to the Family Endowment Fund are to be made by employers in respect of wages paid after the thirty-first day of December, one thousand nine hundred and thirty-one; to provide for the payment of certain sums in lieu of contributions by the Crown; and for purposes connected therewith. [Assented to, 27th June, 1932.]

B

E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Paidiament assembled, and by the authority of the same, as follows :-- ' 1 . (1) This Act may be cited as the " Finance (Family Endowment Tax) Act, 19; 2."

(V

(2) T h i s A c t s h a l l b e r e a d a n d c o n s t r u e d the Family Endowment Act, 1927-1932.

with

2 . T h e r e shall be c h a r g e d , levied, paid, a n d collected from all e m p l o y e r s for t h e use of H i s M a j e s t y , a n d for t h e c r e d i t of t h e F a m i l y E n d o w m e n t F u n d u n d e r t h e provisions of t h e F a m i l y E n d o w m e n t A c t , 1 9 2 7 - 1 9 3 2 , and the regulations made thereunder, and subject to t h e exemptions in that A c t contained, contributions u p o n t h e total a m o u n t of wages paid after t h e t h i r t y first d a y of D e c e m b e r , one t h o u s a n d n i n e h u n d r e d a n d t h i r t y - o n e , b y such e m p l o y e r s to t h e i r employees d u r i n g e a c h w e e k , a t t h e r a t e of fivepence i n each p o u n d of s u c h a m o u n t in lieu of t h e c o n t r i b u t i o n s r e q u i r e d to b e c h a r g e d , levied, paid, a n d collected from e m p l o y e r s in p u r s u a n c e of t h e F a m i l y E n d o w m e n t A c t , 1 9 2 7 - 1 9 3 1 , a n d t h e F i n a n c e ( F a m i l y E n d o w m e n t Tax) A c t , 1 9 3 1 . 3 . "Where t h e employer is e i t h e r t h e Crown i n r i g h t of t h e S t a t e of N e w S o u t h W a l e s or a s t a t u t o r y a u t h o r i t y r e p r e s e n t i n g t h e C r o w n i n s u c h r i g h t , t h e r e s h a l l be p a i d to t h e F a m i l y E n d o w m e n t F u n d o u t of t h e Consolidated R e v e n u e F u n d or o u t of t h e f u n d s i n Special Deposits A c c o u n t , or otherwise, or o u t of t h e funds of t h e said s t a t u t o r y a u t h o r i t y as m a y be directed b y t h e G o v e r n o r , s u c h s u m as is e q u i v a l e n t to t h e a m o u n t w h i c h t h e e m p l o y e r would h a v e paid if liable to p a y c o n t r i b u t i o n s u n d e r section t w o of t h i s A c t . A n y s u m so p a y a b l e m a y be p a i d u p o n t h e w a r r a n t of t h e G o v e r n o r a n d w i t h o u t further a p p r o p r i a t i o n t h a n this Act.

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