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The ATO has advised that it has started a review of the assets used in the postal services industry, with a view to making new effective life determinations.

The review will cover all assets used in the postal services industry.

The review of these assets is expected to be completed within 12 months, with new effective life determinations applying from 1 July 2015. Draft effective lives will be issued for public comment well before final decisions are made.

For more information go here.

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