24 May 11 Effective Life of Depreciating Assets Amendment Determination 2011 (No 1) made
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2011 (No 1) was made on 6 May 2011 and registered on the Federal Register of Legislative Instruments on 23 May 2011.
The instrument provides taxpayers in specific industries and for specific assets with effective lives as a basis to calculate the decline in value (depreciation) of an asset for income tax purposes.
The instrument applies from 1 July 2011
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.