Finance (Family Endowment Tax) Act 1932 (NSW)

FINANCE (FAMILY ENDOWMENT

TAX) ACT.

Act No. 10, 1932.

An Act to declare the rates at winch contri- butions 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.]

' 1 . (1) This Act may be cited as the " Finance (Family Endowment Tax) Act, 19; 2 ." (V

BE it enacted by the King's Most Excellent Majesty, lative Council and Legislative Assembly of New South by and with the advice and consent of the Legis-

Wales in Paidiament assembled, and by the authority of the same, as follows :—

(2) This A c t shal l be read a n d construed w i t h

t h e F a m i l y E n d o w m e n t Ac t , 1927-1932 .

2 . There shall be charged, levied, paid, and collected
from al l employers for t he use of H i s Majes ty , and for

t h e c red i t of t he 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	Act ,	1927-1932,
a n d	t h e	regula t ions	m a d e	thereunder ,	and subjec t	to

t h e exempt ions in t h a t A c t contained, cont r ibu t ions

u p o n t h e total a m o u n t of wages paid after t h e th i r ty - first day of December , one thousand nine hundred a n d th i r ty-one , by such employers to thei r employees du r ing

each week, a t t h e r a t e of fivepence in each pound of

such a m o u n t in l ieu of t h e cont r ibu t ions requi red to be charged, levied, paid, a n d collected from employers in

p u r s u a n c e of the F a m i l y E n d o w m e n t Act , 1927 -1931 ,

and t h e F i n a n c e (Fami ly E n d o w m e n t Tax) Ac t , 1931 .

"Where t he employer is e i ther t he Crown in r i gh t of t h e Sta te of N e w Sou th Wales or a s t a tu to ry au thor i ty represen t ing the Crown in such r igh t , the re shal l be paid to t he F a m i l y E n d o w m e n t F u n d out of t h e Consolidated R e v e n u e F u n d or ou t of t he funds in Special Deposits Accoun t , or otherwise, or ou t of t he funds of t he said s t a tu to ry au tho r i t y as m a y be directed by t h e Governor , such s u m as is equiva len t to t he a m o u n t which the employer would have paid if l iable to

3 .

p a y	cont r ibut ions	u n d e r	section	two of th i s	Ac t .
A n y	s u m so payable m a y	be paid	upon	t h e	w a r r a n t

of t h e Governor and wi thou t fur ther appropr ia t ion	than
th is	Ac t .

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