S.I. No. 50/1988 - Health Contributions (Yearly Reckonable Income) (Variation) Regulations 1988.

1. These Regulations may be cited as the Health Contributions (Yearly Reckonable Income) (Variation) Regulations, 1988.

2. The sum specified in

sections 5

(2),

6

(2) and

8

of the

Health Contributions Act, 1979

, is hereby varied with effect from the 6th day of April, 1988, to the sum of £15,500.

GIVEN under the Official Seal of the Minister for Health this 29th day of March, 1988.

RORY O'HANLON,

Minister for Health.

The Minister for Finance hereby sanctions the above Regulations.

GIVEN under the Official Seal of the Minister for Finance this 29th day of March, 1988.

RAY MAC SHARRY,

Minister for Finance.

EXPLANATORY NOTE

Section 9

(3) of the

Health Contributions Act, 1979

, provides that the Minister for Health may by regulation vary the ceiling amount specified in sections 5(2), 6(2) and 8 of the Act. The present income ceiling is £15,000 and it is now varied by these regulations to £15,500. The changed income ceiling is operative from the beginning of the contribution year commencing on 6 April, 1988.

S.I. No. 50 of 1988.

HEALTH CONTRIBUTIONS (YEARLY RECKONABLE INCOME) (VARIATION) REGULATIONS 1988.

The Minister for Health in exercise of the powers conferred on him by sub-section (3) of

section 9

of the

Health Contributions Act, 1979

(No. 4 of 1979) hereby makes the following Regulations as respects which, pursuant to subsection (5) of the said section, a draft has been approved by a resolution of each House of the Oireachtas.