Finance (Family Endowment Tax) Act 1931 (NSW)

FINANCE (FAMILY ENDOW­

MENT TAX) ACT.

Act No. 51, 1931.

An Act to declare the percentages at which con­ tributions to the Family Endowment Fund are to be made by employers in respect of wages paid after the thirtieth day of June, 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, 7th October, 1931.]

T3E i t enacted by the K i n g ' s Most Exce l l en t Majesty , lat ive Counci l and Legis la t ive Assembly of _ D by and with t he advice and consent of t h e Legis ­

N e w Sou th

W a l e s in Pa r l i amen t assembled, and by the au thor i ty of

t h e same, as follows :—

1. (1) This A c t m a y be ci ted as the " F i n a n c e

( F a m i l y E n d o w m e n t Tax) Act , 1 6 3 1 . "

(2) This A c t shal l be read and const rued wi th t he

F a m i l y E n d o w m e n t Act , 1 9 2 7 - 1 9 3 1 .

2. I n l ieu of t he cont r ibu t ions requ i red to be

charged, levied, paid, and collected in pu r suance of t he F a m i l y E n d o w m e n t Act , 1927-1930, and the F i n a n c e

exempt ions

( F a m i l y E n d o w m e n t Tax) Act , 1930, upon wages paid

af ter the th i r t ie th day of J u n e , one thousand n ine

h u n d r e d and th i r ty -one , t he re shall be charged , levied, paid, and collected cont r ibu t ions as in th i s Act provided.

3. There shall be charged, levied, paid, and collected quar te r ly u n d e r the Fami ly E n d o w m e n t Ac t , 1 9 2 7 - 1 9 3 1 ,

after t he first day of J u l y in t h e year one thousand n ine hund red and th i r ty -one , and in each succeeding

year a t t he t imes and in t he m a n n e r prescr ibed by

regula t ions made unde r tha t Act , a n d subject to t h e

'exemptions in that Act contained, from all employers for the use of His Majesty and for the credit of the Family Endowment Fund, contributions upon the total amount of wages paid by such employers to their employees during the periods prescribed by regulations made under the said Act, the first of such periods commencing; on the first day of July, one thousand nine hundred and thirty-one, at the percentage following, that is to say, two per centum.

f

4 , Where the employer is either the Crown in right of the State of New South Wales or a statutory authority representing the Crown in such right there shall be paid to the Family Endowment Fund out of the Consolidated Revenue Fund or out of the funds in Special Deposits Account or otherwise, or out of the funds of the said statutory authority as may be directed by the Governor, such sum as is equivalent to the amount which the employer would have paid if liable to pay contributions under section three of this Act.

Any sum so payable may be paid upon the warrant of the Governor and without further appropriation than this Act.