24 Jan 12 Draft effective lives
The ATO has released for comment a draft lists of effective lives for assets used in the following industries:
- steel metal tank manufacturing
- radio broadcasting (for public comment by 13 February 2012)
- fibre cement building board manufacturing
- concrete roof tile manufacturing (for public comment by 10 February 2012)
- ethanol manufacturing
When finalised, the ATO proposes to add the assets to the schedule that will apply to new assets purchased or installed on or after 1 July 2012.