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Wednesday, 11 November 1964


Senator HENTY - The total of the Commonwealth's contribution to the fund has been £419,792. The total credit in the fund at the moment is £560,138 6s. 7d. The Commonwealth contribution is intact and there is a credit balance of approximately £140,000 purely from the members' contribution of £5 a week. Under the new system members' contributions have been increased to £7 14s. lOd. a week, but under the system which operated from 1947, whereby members paid £5 a week, the Commonwealth's contribution is intact and there is a credit of more than £140,000 from members' contributions.







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