Section EC 15 — Income Tax Act 2007: Determining national average market values

EC 15 Determining national average market values Determined by Commissioner (1) The Commissioner must determine a national average market value for an income year for each class of specified livestock set out in schedule 17 , column 2 (Types and classes of livestock). Application to income year (2) The value applies to the income year for which it is determined, whether the income year started before, on, or after the date on which the determination is made. Defined in this Act: class , Commissioner , income year , national average market value , specified livestock , Compare: 2004 No 35 s EC 15