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The ATO advises that it has commenced a review of assets used in the flour and starch manufacturing industry, defined by ANZSIC code 11610, with a view to making new effective life determinations. Participation is sought in the review.

The ATO expects its review of these assets to be completed within 12 months, with new effective life determinations applying from 1 July 2013. Draft effective lives will be issued for public comment well before final decisions are made.

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