This determination may be cited as "The National Standard Costs for Specified Livestock Determination, 2000".
This determination is made in terms of section EL 3A of the Income Tax Act 1994.
It shall apply to any specified livestock on hand at the end of the 1999-2000 income year, where the taxpayer has elected to value that livestock under the national standard cost scheme for that income year.
For the purposes of section EL 3A of the Income Tax Act 1994, the national standard costs for specified livestock for the 1999-2000 income year are as set out in the following table:
Kind of
Livestock Category of
Livestock National
Standard
Cost $
Sheep Rising 1 year 15.80
Rising 2 year 10.20
Dairy Cattle Purchased bobby calves 122.00
Rising 1 year 410.00
Rising 2 year 73.60
Beef Cattle Rising 1 year 145.00
Rising 2 year 84.90
Rising 3-year male
non-breeding cattle
(all breeds) 84.90
Deer Rising 1 year 51.20
Rising 2 year 25.50
Goats (meat and Rising 1 year 11.90
fibre)
Rising 2 year 8.20
Goats (dairy) Rising 1 year 77.60
Rising 2 year 13.40
Pigs Weaners to 10-weeks
of age 67.70
Growing pigs 10 to
17-weeks of age 52.00
This determination is signed by me on the 20th day of January 2000.
MARTIN SMITH, General Manager (Adjudication & Rulings).