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23 Jun 09 Effective lives: Commercial and industrial cleaning, laundry and dry cleaning service assets

The ATO advises that it has commenced a review of commercial and industrial cleaning assets, laundry assets and dry cleaning service assets with a view to making new effective life determinations. The ATO expects its review of these assets to be completed within 18 months, with new effective life determinations applying from 1 July 2010. Draft effective lives will be issued for public comment well before final decisions are made.

For a copy of the ATO advice and for information about participating in the review, go here

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