Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 3)
I, BRUCE WILLIAM QUIGLEY, Deputy Chief Tax Counsel, make this Determination under subsection 40-100 (3) of the Income Tax Assessment Act 1997.
Dated: 21 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. 3).
2 Commencement
This Determination is taken to have commenced on 1 July 2004.
3 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 MANUFACTURING (21110 to 29490), sub‑category Copper, silver, lead and zinc smelting, refining and Basic non-ferrous metal manufacturing n.e.c. (27230) and (27290)
Omit the sub-category
[2] Table A, industry category MANUFACTURING (21110 to 29490), sub‑category Metal product manufacturing (27110 to 27690)
Insert after entry for Nail manufacturing plant
Pyrometallurgy process assets. ( Use any relevant effective lives in Table A, MINING (11010 to 15200)) |
|
| 1Jul 2003 |
Insert after entry for Tank manufacturing plant
Tinsmiths’ plant | 20 |
| 1 Jan 2001 |