(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.