05 May 10 Effective life reviews
The ATO has advised that it has commenced effective life reviews of the following assets:
- oil and fat manufacturing assets
- concrete product manufacturing assets
- assets used in the courier pick-up and delivery service industry
The ATO expects its review to be completed within 12 months, with new effective life determinations applying from 1 July 2011. The ATO seeks participation in the reviews from interested parties.