Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A * water facility, * fodder storage asset or * fencing asset starts to decline in value in the income year in which you first incur expenditure on the facility or asset.
(2) A * horticultural plant starts to decline in value in:
(a) if you are the first entity to satisfy a condition in subsection 40 - 525(2) for the plant--the income year in which the first commercial season starts; or
(b) if not--the later of the income year in which you first satisfied that condition and the income year in which the first commercial season starts.