Taxation Determination

TD 2002/5W

Income tax: what is a 'distribution line' in the electricity distribution industry for the purposes of the expression 'depreciating assets' in section 40-100 of the Income Tax Assessment Act 1997?

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Notice of Withdrawal

Taxation Determination TD 2002/5 is withdrawn with effect from today.

1. TD 2002/5 explains what is considered to be a 'distribution line' in the electricity distribution industry for the purposes of the expression 'depreciating assets' in section 40-100 of the Income Tax assessment Act 1997.

2. It is replaced by Draft Taxation Ruling TR 2017/D1 Income tax: composite items and identifying the depreciating asset for the purposes of working out capital allowances which issued today.

3. The arrangements dealt with in TD 2002/5 are now covered by TR 2017/D1.

4. It continues to apply to arrangements begun to be carried out before the withdrawal but does not apply to arrangements begun to be carried out after the withdrawal.

Commissioner of Taxation
18 January 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Previously released as TD 2001/D16

Replaced by TR 2017/D1

References

ATO references:
NO 1-6RZUWWK

Subject References:
Commissioner's effective life schedule
depreciating asset
depreciation
effective life
electricity infrastructure

Legislative References:
ITAA 1997 Div 40
ITAA 1997 40-30(4)
ITAA 1997 40-100(1)
ITAA 1997 40-100(4)
ITAA 1997 40-190
TAA 1953 Pt IVAAA