Document ID: chunk:federal_register_of_legislation:C2024C00582:section:41
Version: federal_register_of_legislation:C2024C00582
Segment Type: section
Provision Reference: s 41
Character Range: 109184–109995

41  The individual PPL income limit and family PPL income limit
 (1) The individual PPL income limit that applies on a day is:
 (a) if the day is on or after 1 October 2010 but before 1 July 2021—$150,000; and
 (b) if the day is on or after an indexation day (the relevant indexation day) but before the next indexation day—the indexed amount on the relevant indexation day worked out under Subdivision B.
 (2) The family PPL income limit that applies on a day is:
 (a) if the day is on or after 1 July 2023 but before 1 July 2024—$350,000; and
 (b) if the day is on or after an indexation day (the relevant indexation day) but before the next indexation day—the indexed amount on the relevant indexation day worked out under Subdivision B.

Subdivision B—Indexation of individual and family PPL income limits