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DETERMINATION OF LIMIT ON AMOUNT OF REMUNERATION FOR PURPOSES OF DETERMINATION OF CONTRIBUTION IN TERMS OF SECTION 6 OF THE UNEMPLOYMENT INSURANCE CONTRIBUTIONS ACT, 2002 (ACT NO. 4 OF 2002)

1 APRIL 2003 No. 24639 15

GOVERNMENT NOTICES

No. R. 466

SOUTH AFRICAN REVENUE SERVICE

1 April 2003

DETERMINATION OF LIMIT ON AMOUNT OF REMUNERATION FOR PURPOSES OF DETERMINATION OF CONTRIBUTION IN TERMS OF SECTION 6 OF THE UNEMPLOYMENT INSURANCE CONTRIBUTIONS ACT, 2002 (ACT NO. 4 OF 2002)

By virtue of the powers vested in me by section 6(2) of the Unemployment Insurance Contributions Act, 2002 (Act No.4 of 2002), I, Trevor Andrew Manuel, Minister of Finance, hereby after consultation with the Minister of Labour and the Unemployment Insurance Commissioner, determine that section 6(1) of that Act shall, with effect from 1 April 2003, not apply to so much of the remuneration paid or payable by an employer to an employee during any month, as exceeds R8 836.

T A MANUEL

MINISTER OF FINANCE

See Unemployment Insurance Act (63-2001)- Increase of the maximum rate of earnings to the Unemployment insurance March 2003

 

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