(1) Section 7A of the Health Contributions Act 1979 (as amended by section 13(1) of the Act of 2006) is amended -

(a) in subsection (1) -

(i) in paragraph (a) by substituting "€500" for "€480", and

(ii) in paragraph (b) by substituting "€26,000" for "€24,960",

and

(b) in subsection (2) by substituting "€26,000" for "€24,960".

(2) This section comes into operation on 1 January 2008.