Clause 1

This Act may be cited as the Redundancy Payments Fund Act, 1967, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.(2) This Act shall apply to any contract, agreement or arrangement entered into before the date of the coming into operation of this Act whereby an employer has agreed or arranged to pay a redundancy payment to his employee but it shall not apply if such redundancy payment has already pursuant to such contract, agreement or arrangement been paid to the employee before the date of the coming into operation of this Act.