02 Mar 10 Iron smelting and steel manufacturing - more draft effective lives
The ATO has released for comment more draft lists of effective lives for assets used in iron smelting and steel manufacturing. The asset lists are as follows:
- Tin plating mill assets
- Steel strip metallic and organic coating assets
- Rod, bar, structural and rail mill assets
- Plate mill assets
- Hot strip mill assets
The ATO proposes adding the new effective life determinations to the Commissioner’s schedule, effective from 1 July 2010. Any feedback should be made by 31 March 2010.