3.—(1)The following subsections are hereby substituted for subsections (1) and (2) of section 3 of the Principal Act as amended by section 3 of the Act of 1964:
“(1) The allowance to be paid to each member of Dáil Éireann under this Act shall be an allowance at the rate of £2,500 per annum payable monthly.
(2) The allowance to be paid to each member of Seanad Éireann under this Act shall be an allowance at the rate of £1,500 per annum payable monthly.”
(2) This section shall come into operation on the date of the passing of this Act.