(1) The Principal Act is amended -

(a) in section 2(1) by substituting the following definition for the definition of "reckonable emoluments":

"'reckonable emoluments', in relation to a self-employed contributor, means emoluments (other than reckonable earnings and any other emoluments that may be prescribed) to which Chapter 4 of Part 42 of the Act of 1997 applies;",

(b) in section 13(2) -

(i) in paragraph (b) by substituting "paragraph (ba)" for "paragraph (c)", and

(ii) by inserting the following paragraph after paragraph (b):

"(ba) Where in any contribution week -

(i) a payment of more than €356 is made to or for the benefit of an employed contributor in respect of reckonable earnings of that employed contributor, and

(ii) other than in a case to which subsection (8) applies, the employed contributor's employer is liable, under paragraph (d)(i), to pay a contribution at the rate of 7.8 per cent,