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01 Sep 08 Effective life review of motor vehicle and motor vehicle parts manufacturing

The ATO has advised that it has started a review of the motor vehicle and motor vehicle part manufacturing industry with a view to making new effective life determinations. It expects the review of the motor vehicle manufacturing segment to be completed within 18 months, with new effective life determinations applying from 1 January 2010. The other segments - motor vehicle body and trailer, automotive electrical component and other motor vehicle parts manufacturing - will be progressively reviewed.

For a copy of the ATO advice, go here

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