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NSC 2012
25 Jan 2012

National standard costs for specified livestock determination 2012

2012 determination lists the national standard costs for specified livestock.

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2012".

This determination is made in terms of section EC 23 of the Income Tax Act 2007. It shall apply to any specified livestock on hand at the end of the 2011-2012 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 EC 23 of the Income Tax Act 2007 the national standard costs for specified livestock for the 2011-2012 income year are as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost
  Rising 1 year 28.30
  Rising 2 year 19.80
Dairy Cattle
  Purchased bobby calves 186.70
  Rising 1 year 473.30
  Rising 2 year 93.80
Beef Cattle
  Rising 1 year 302.10
  Rising 2 year 166.70
  Rising 3 year male non-breeding cattle (all breeds) 166.70
  Rising 1 year 109.80
  Rising 2 year 52.80
Goats (Meat and Fibre)
  Rising 1 year 23.20
  Rising 2 year 15.90
Goats (Dairy)
  Rising 1 year 146.60
  Rising 2 year 24.40
  Weaners to 10 weeks of age 94.70
  Growing pigs 10 to 17 weeks of age 75.90

This determination is signed by me on the 25th day of January 2012.

Rob Wells
LTS Manager, Technical Standards
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