33BMeaning of designated annual amount

33B Meaning of designated annual amount

The designated annual amount for a financial year is: (a) if a determination in force under section 33C specifies the amount applicable to the financial year—that amount; or (b) otherwise—$500 million.

Note: If no determination has been made under section 33C, the designated annual amount is indexed in accordance with section 33E. If a determination has been made under section 33C, the determination may provide for the designated annual amount to be indexed in accordance with the determination.