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Wednesday, 4 March 1970

The contribution rates payable under the new scheme will be determined for each fund having regard to its particular financial position and on the basis that the reserves which some funds hold in excess of their requirements for financial1 stability will be gradually absorbed. Thus, all funds in a particular State will pay medical benefits at the same rate but contribution rates may vary between funds. As already announced, the new family contribution rate for the major funds in New South Wales will be 75 cents a week, representing an increase of 15 cents a week on the existing higher tables. In the other States, the new family rates wilt be within the range of 50 to 66 cents a week - an increase of not more than 10 cents a week for contributors in existing higher tables.







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