The determination is made in terms of section EC 15 of the Income Tax Act 2007 and specifies the national average market values of specified livestock and shall apply to specified livestock on hand at the end of the 2009-2010 income year.
The determination can be viewed in Inland Revenue’s Tax Information Bulletin, Vol. 22, No. 5, of June 2010 or at
http://www.ird.govt.nz/technical-tax/determinations/live
stock/