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Redundancy Payments Act, 1979 (No. 7)Introductory TextActs Referred to1. Definitions.2. Financing of Redundancy Fund.3. Contributions to Redundancy Fund.4. Provisions relating to lump sum under Principal Act, and consequential provisions.5. Provisions relating to persons reaching qualifying age for old age pension.6. Rebates to employers from Redundancy Fund.7. Employee's right to time off for certain purposes while under notice of dismissal for redundancy.8. Termination of entitlement to weekly payments.9. Amendment of section 10 of Principal Act.10. Amendment of section 11 of Principal Act.11. Amendment of section 15 of Principal Act.12. Application to certain cases of sections 10 and 11.13. Amendment of section 24 of Principal Act.14. Amendment of section 42 of Principal Act.15. Amendment of section 15 of Act of 1971.16. Power to remove difficulties.17. Miscellaneous amendments of Principal Act.18. Amendment of section 16 of Act of 1971.19. Repeals.20. Expenses.21. Short title, construction, collective citation and commencement.Schedule - Miscellaneous Amendments of Principal Act
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AI Summary of 2. Financing of Redundancy Fund.

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 1979 - onwards
Version 2 of 2

2. Financing of Redundancy Fund.

Section 27 of the Principal Act is amended by the substitution of the following subsection for subsection (1):

"(1) For the purpose of providing moneys for making payments which under this Act are to be made out of the Redundancy Fund there shall be paid into the Fund -

(a) contributions by employers (in this Part referred to as 'employers' redundancy contributions'), and

(b) advances as provided for in subsection (2).".

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