Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 2) (Cth)

Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 2)

I, BRUCE WILLIAM QUIGLEY, Deputy Chief Tax Counsel, make this Determination under subsection 40-100 (1) of the Income Tax Assessment Act 1997.

Dated:                     20 September 2004

Signed by Bruce Quigley

Deputy Chief Tax Counsel

1. Name of Determination

This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No.2).

1. Commencement

This Determination is taken to have commenced on 1 October 2004.

1. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2001

Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001, as amended by the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 1).

Schedule 1        Amendments

(section 3)

[1]           Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 4203), sub-category Agriculture (01110 to 02200)

After

Horticultural plants:
Citrus:
Orange	30	*	1 Jan 2001

Insert

Grapevines, dried	15	*	1 Oct 2004
Grapevines, table	15	*	1 Oct 2004
Grapevines, wine	20	*	1 Oct 2004