This determination may be cited as "The National Standard Costs for Specified Livestock Determination, 2002".
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 2001-2002 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 2001-2002 income year are as set out in the following table.
National Standard Costs for Specified Livestock
Kind of Livestock Category of Livestock National Standard Cost
$
Sheep Rising 1-year 19.00
Rising 2-year 12.20

Dairy Cattle Purchased bobby calves
Rising 1-year
Rising 2-year 164.00
569.00
98.40

Beef Cattle Rising 1-year 179.00
Rising 2-year 103.00
Rising 3-year male
non-breeding cattle
(all breeds) 103.00

Deer Rising 1-year 59.50
Rising 2-year 29.80

Goats (meat
and fibre) Rising 1-year
Rising 2-year 14.50
9.80

Goats (dairy) Rising 1-year
Rising 2-year 91.60
15.20

Pigs Weaners to 10 weeks of age 79.60
Growing pigs 10 to 17 weeks of age
63.20
This determination is signed by me on the 23rd day of January 2002.
MARTIN SMITH, General Manager (Adjudication
& Rulings).