I, Ben Kelly, Deputy Commissioner of Taxation, make this determination under subsection 40-100(1) of the Income Tax Assessment Act 1997 (ITAA 1997).
Ben Kelly
Deputy Commissioner of Taxation
Policy, Analysis and Legislation
Law Design and Practice
Dated: 10 June 2022
1. Name of instrument
This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022.
2. Commencement
This instrument commences on 1 July 2022.
3. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2015
Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2015 - F2015L00798 registered on 11 June 2015.
4. Determination
The amendments in this determination may affect:
(1) taxpayers who choose, under paragraph 40-95(1)(a) of the ITAA 1997, to use an effective life determined by the Commissioner for a depreciating asset when working out its decline in value, and
(2) taxpayers who are directed, under subsections 40-95(4C),40-95(5C), 40-95(6), 58-75(5) and 58-80(6) of the ITAA 1997, to use an effective life determined by the Commissioner.
5. Definitions
An asterisk (*) in the third column of Tables A and B indicates the corresponding assets have been reviewed to date as part of the ongoing review of the Commissioner’s effective life determinations.
A hash (#) in the third column of Table A or B indicates a capped life is available for the depreciating assets under section 40-102 of the ITAA 1997.
Schedule 1 Amendments
(section 3)
[1] Heading to Table A
Omit
Table A as at 1 July 2021
Substitute
Table A as at 1 July 2022
[2] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290)
Omit
| Fences (excluding stockyard, pen and portable fences): Being fencing constructed at a time for a particular function (eg a line of fencing forming a side of a boundary or paddock) not being in the nature of a repair: | | | |
Substitute
| Fences (excluding stockyard, pen and portable fences): Being fencing constructed at a time for a particular function (e.g. a line of fencing forming a side of a boundary or paddock) not being in the nature of a repair: | | | |
[3] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290), sub-category Vegetable growing (outdoors) and sugar cane growing (01230 and 01510)
Omit
| Rakes (eg cane trash rakes) | 10 | * | 1 Jul 2007 |
Substitute
| Rakes (e.g. cane trash rakes) | 10 | * | 1 Jul 2007 |
[4] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290), sub-category Fruit and tree nut growing (01310 to 01370, 01390 and 01590)
Omit
| Pick ups (eg almonds) | 12 | *# | 1 Jul 2007 |
Substitute
| Pick ups (e.g. almonds) | 12 | *# | 1 Jul 2007 |
[5] Table A, industry category MINING (06000 to 10900), sub-category Oil and gas extraction (07000) Gas compression and reinjection assets
Omit
| Generally (including piping, skid, vessels assets used onshore) | 30 | *# | 1 Jul 2002 |
Substitute
| Generally (including piping, skid, vessels and assets used onshore) | 30 | *# | 1 Jul 2002 |
[6] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Prepared animal and bird feed manufacturing (11920)
Omit
| Canning and tray assets including closers and fillers | 10 | * | 1 Jul 2013 |
Substitute
| Canning and tray assets (including closers and fillers) | 10 | * | 1 Jul 2013 |
[7] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Prepared animal and bird feed manufacturing (11920), Prepared animal and bird feed manufacturing assets generally
After
| Storage bins | 20 | * | 1 Jul 2012 |
Insert
| Salt manufacturing and refining assets - see Table A Basic inorganic chemical manufacturing (18130) | | | |
[8] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Other food product manufacturing n.e.c. (11990), Peanut processing assets
After
| Refrigeration units | 20 | * | 1 Jul 2009 |
Insert
| Salt manufacturing and refining assets - see Table A Basic inorganic chemical manufacturing (18130) | | | |
[9] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Clothing manufacturing (13510)
Omit
| Clothing manufacturing (13510) |
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
| Clothing and millinery manufacturing plant: | | | |
| General plant | 20 | | 1 Jan 2001 |
| Hat manufacturing plant and machinery | 131/3 | | 1 Jan 2001 |
| Sewing machines | 10 | * | 1 Jul 2014 |
Substitute
| Clothing manufacturing (13510) |
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
| Air compressors | 10 | * | 1 Jul 2022 |
| Cutting machines and tables | 20 | * | 1 Jul 2022 |
| Dyeing machines | 10 | * | 1 Jul 2022 |
| Fusing machines and presses | 8 | * | 1 Jul 2022 |
| Gas boilers (steam) | 15 | * | 1 Jul 2022 |
| Hat pressing machines | 20 | * | 1 Jul 2022 |
| Lights – portable | 5 | * | 1 Jul 2022 |
| Plotters and printers | 8 | * | 1 Jul 2022 |
| Pressing equipment (including ironing tables and steam boilers) | 10 | * | 1 Jul 2022 |
| Sewing machines: | | | |
| Banding | 15 | * | 1 Jul 2022 |
| Button sewer, clip attaching | 5 | * | 1 Jul 2022 |
| Embroidery – single and multi-head | 12 | * | 1 Jul 2022 |
| General (including bar tack, binding, feed off the arm, single folder, two-needle, underwire) | 10 | * | 1 Jul 2022 |
| High speed industrial | 10 | * | 1 Jul 2022 |
| Millinery | 20 | * | 1 Jul 2022 |
| Overlocker | 15 | * | 1 Jul 2022 |
| Steamers | 2 | * | 1 Jul 2022 |
| Stud setting machines | 20 | * | 1 Jul 2022 |
[10] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Footwear manufacturing (13520)
Omit
| Footwear manufacturing (13520) |
Substitute
| Footwear manufacturing (13520) |
[11] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Basic inorganic chemical manufacturing (18130)
Omit
| Salt manufacturing and refining plant | 10 | | 1 Jan 2001 |
Substitute
| Salt manufacturing and refining assets: | | | |
| Air compressors – see Table B Air compression assets: Air compression assets generally (including air compressors, air dryers and air receivers) | | | | |
| Augers | 10 | * | 1 Jul 2022 | |
| Automated packing machines | 20 | * | 1 Jul 2022 | |
| Bagging machines | 10 | * | 1 Jul 2022 | |
| Bag sewers – see Table B Packaging machines: Bag sewers | | | | |
| Bag stackers | 15 | * | 1 Jul 2022 | |
| Belt weighers | 15 | * | 1 Jul 2022 | |
| Blow moulders | 15 | * | 1 Jul 2022 | |
| Bucket elevators | 10 | * | 1 Jul 2022 | |
| Centrifuges | 12 | * | 1 Jul 2022 | |
| Conveyors | 15 | * | 1 Jul 2022 | |
| Crushers | 25 | * | 1 Jul 2022 | |
| Cyclones | 15 | * | 1 Jul 2022 | |
| Dust extraction systems | 5 | * | 1 Jul 2022 | |
| Forklifts – see Table B Forklifts | | | | |
| Kilns | 20 | * | 1 Jul 2022 | |
| Labelling machines (including date printers) | 5 | * | 1 Jul 2022 | |
| Metal detectors | 10 | * | 1 Jul 2022 | |
| Motor control centres | 20 | * | 1 Jul 2022 | |
| Net weighers | 5 | * | 1 Jul 2022 | |
| Pallet wrappers – see Table B Packaging machines: Wrapping machines (including pallet wrappers, shrink wrappers, stretch wrappers and strapping machines) | | | | |
| Platform scales | 10 | * | 1 Jul 2022 | |
| Ribbon mixers | 15 | * | 1 Jul 2022 | |
| Roller mills | 15 | * | 1 Jul 2022 | |
| Rotary valves | 15 | * | 1 Jul 2022 | |
| Salt flake growing tanks | 15 | * | 1 Jul 2022 | |
| Salt hoppers | 15 | * | 1 Jul 2022 | |
| Sizing screen machines | 15 | * | 1 Jul 2022 | |
| Slurry lines | 10 | * | 1 Jul 2022 | |
| Wash plant pumps | 15 | * | 1 Jul 2022 | |
| Wash plants (removable) | 20 | * | 1 Jul 2022 | |
| Weigh feeders | 10 | * | 1 Jul 2022 | |
| | | | | | | | |
[12] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Iron smelting and steel manufacturing (21100)
Omit
| CCTV system | 3 | * | 1 Jul 2010 |
Substitute
| CCTV systems | 3 | * | 1 Jul 2010 |
[13] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Non‑ferrous metal casting (21410)
Omit
| Metal casting assets (non‑ferrous eg aluminium, brass and magnesium): | | | |
Substitute
| Metal casting assets (non‑ferrous e.g. aluminium, brass and magnesium): | | | |
[14] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Motor vehicle manufacturing (23110) Motor vehicle manufacturing plant (not listed elsewhere)
Omit
| Tooling (ie jigs, dies, press tools and specialty attachments such as working heads and work‑ holding tools) | 3 | | 1 Jan 2001 |
Substitute
| Tooling (i.e. jigs, dies, press tools and specialty attachments such as working heads and work‑holding tools) | 3 | | 1 Jan 2001 |
[15] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Other transport equipment manufacturing n.e.c. (23990)
Omit
| Motor cycle building plant | 10 | | 1 Jan 2001 |
Substitute
| Motorcycle building plant | 10 | | 1 Jan 2001 |
[16] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Wooden furniture and upholstered seat manufacturing (25110)
Omit
| Wooden furniture and upholstered seat manufacturing (25110) |
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
| Furniture‑making plant | 131/3 | | 1 Jan 2001 |
Substitute
| Wooden furniture and upholstered seat manufacturing (25110) |
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
| Dust management assets: | | | |
| Portable dust extractors | 5 | * | 1 Jul 2022 |
| Portable wet and dry vacuum cleaners | 5 | * | 1 Jul 2022 |
| Stationary dust collection systems (incorporating bags, motors, pipes etc) | 12 | * | 1 Jul 2022 |
| Spray booth assets: | | | |
| Full face air fed masks | 3 | * | 1 Jul 2022 |
| Paint pumps | 5 | * | 1 Jul 2022 |
| Spray booths | 15 | * | 1 Jul 2022 |
| Spray guns | 3 | * | 1 Jul 2022 |
| Support assets: | | | |
| Air compression assets – see Table B Air compression assets | | | |
| Air compressors (portable) – see Table B Air compressors (portable) | | | |
| Forklifts – see Table B Forklifts | | | |
| Racks | 15 | * | 1 Jul 2022 |
| Trolleys (carts) | 10 | * | 1 Jul 2022 |
| Vacuum lifters | 5 | * | 1 Jul 2022 |
| Work benches and tables | 10 | * | 1 Jul 2022 |
| Tools: | | | |
| Benchtop power tools (including biscuit/domino joiners, drill presses, jigsaws, laminate trimmers, mortisers, planners, routers, spindle sanders etc but excluding saws) | 5 | * | 1 Jul 2022 |
| Clamps | 10 | * | 1 Jul 2022 |
| Hand held power tools (including air, battery, and electric) - see Table B Power tools, hand tools | | | |
| Hand tools (manual operated) - see Table B Hand tools (manual operated) | | | |
| Sawing machines: | | | |
| Band saws | 8 | * | 1 Jul 2022 |
| Circular saws | 8 | * | 1 Jul 2022 |
| Mitre saws (drop saws) | 7 | * | 1 Jul 2022 |
| Panel saws | 8 | * | 1 Jul 2022 |
| Table saws | 10 | * | 1 Jul 2022 |
| Stationary machines: | | | |
| Computer numerical control (CNC) machines (including CNC routers) | 10 | * | 1 Jul 2022 |
| Edge banders | 8 | * | 1 Jul 2022 |
| Pedestal drills (drill presses) | 10 | * | 1 Jul 2022 |
| Sanders (including belt sanders, drum sanders, edge sanders, spindle sanders etc) | 12 | * | 1 Jul 2022 |
| Spindle moulders | 10 | * | 1 Jul 2022 |
| Thicknessers/Buzzers | 15 | * | 1 Jul 2022 |
| Upholstery assets: | | | |
| CNC fabric cutters | 10 | * | 1 Jul 2022 |
| Hand fabric cutters | 5 | * | 1 Jul 2022 |
| Sewing machines | 10 | * | 1 Jul 2022 |
[17] Table A, industry category RETAIL TRADE (39110 to 43209)
After
| Overhead track scales (including meat rail scales) | 10 | * | 1 Jul 2005 |
Insert
[18] Table A, industry category RETAIL TRADE (39110 to 43209), sub-category Motor vehicle tyre or tube retailing (39220)
Omit
| Air receivers | 10 | * | 1 Jul 2011 |
| Air driers and dehumidifiers | 10 | * | 1 Jul 2011 |
Substitute
| Air driers and dehumidifiers | 10 | * | 1 Jul 2011 |
| Air receivers | 10 | * | 1 Jul 2011 |
[19] Table A, industry category ACCOMMODATION AND FOOD SERVICES
(44000 to 45302), sub-category Cafes, restaurants, takeaway food services, pubs, taverns, bars and clubs (hospitality) (45110 to 45302)
Omit
| Menu boards | 5 | * | 1 Jul 2005 |
| Poker/gaming machines | 7 | * | 1 Jul 2009 |
Substitute
| Menu boards | 5 | * | 1 Jul 2005 |
| Plastic safety screens (including sneeze guards) | 2 | * | 1 Jul 2022 |
| Poker/gaming assets – see Table A Casino operations (92010) | | | |
[20] Table A, industry category TRANSPORT, POSTAL AND WAREHOUSING (46100 to 53090), sub-category Road transport (46100 to 46239)
Omit
| Hire cars: | | | |
| Cars used to provide basic service ride‑sourcing, ride‑hailing or ride‑sharing services (eg uberX) | 8 | * | 1 Jul 2016 |
| Generally (including cars used to provide premium service ride‑sourcing, ride‑hailing or ride‑sharing services eg UberBLACK) | 6 | * | 1 Jul 2016 |
Substitute
| Hire cars: | | | |
| Cars used to provide basic service ride‑sourcing, ride‑hailing or ride‑sharing services (e.g. uberX) | 8 | * | 1 Jul 2016 |
| Generally (including cars used to provide premium service ride‑sourcing, ride‑hailing or ride‑sharing services e.g. UberBLACK) | 6 | * | 1 Jul 2016 |
[21] Table A, industry category INFORMATION MEDIA AND TELECOMMUNICATIONS (54110 to 60200), sub-category Telecommunications services (58010 to 58090)
Omit
| Microwave radio system (including modulator, demodulator, receiver, transmitter, monitoring/supervisory system, RF filter) | | | |
Substitute
| Microwave radio system (including modulator, demodulator, receiver, transmitter, monitoring/supervisory system, RF filter): | | | |
[22] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES
(66110 to 67200), sub-category Rental and hiring services (except real estate)
(66110 to 66400)
Omit
| Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) | 10 | * | 1 Jul 2014 |
Substitute
| Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (e.g. construction sites) | 10 | * | 1 Jul 2014 |
[23] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES
(66110 to 67200), sub-category Residential property operators (67110), Outdoor assets
Omit
Substitute
[24] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES
(66110 to 67200), sub-category Residential property operators (67110), Security and monitoring assets, Security systems
Omit
| Global System for Mobiles (GSM) Units | 5 | * | 1 Jul 2004 |
Substitute
| Global System for Mobiles (GSM) units | 5 | * | 1 Jul 2004 |
[25] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE
(84010 to 87900), sub-category Retirement village and accommodation for the aged operation (86011 to 86012)
Omit
Substitute
[26] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE
(84010 to 87900), sub-category Retirement village and accommodation for the aged operation (86011 to 86012)
Omit
| Hoists | | | |
| Ceiling (incorporating tracks) | 12 | * | 1 Jul 2019 |
| Mobile (floor, full, standing) | 10 | * | 1 Jul 2019 |
| Lifting slings | 2 | * | 1 Jul 2019 |
| Mattresses | | | |
Substitute
| Hoists: | | | |
| Ceiling (incorporating tracks) | 12 | * | 1 Jul 2019 |
| Mobile (floor, full, standing) | 10 | * | 1 Jul 2019 |
| Lifting slings | 2 | * | 1 Jul 2019 |
| Mattresses: | | | |
[27] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099), sub-category Creative and performing arts activities (90010 to 90030)
Omit
| Theatre equipment: | | | |
| Accessories (theatrical – wigs, costumes etc) | 5 | | 1 Jan 2001 |
| Performing dogs – see Table B Working dogs | | | |
Substitute
| Performing dogs – see Table B Working dogs | | | |
| Theatre equipment: | | | |
| Accessories (theatrical – wigs, costumes etc) | 5 | | 1 Jan 2001 |
[28] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099), sub-category Gambling activities (92010 to 92099)
Omit
| Poker/gaming machines | 7 | * | 1 Jul 2009 |
Substitute
| Poker/gaming assets – see Table A Casino operations (92010) | | | |
[29] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099), sub-category Gambling activities (92010 to 92099)
Omit
| Ancillary equipment (eg ticket issuing machines) | 131/3 | | 1 Jan 2001 |
Substitute
| Ancillary equipment (e.g. ticket issuing machines) | 131/3 | | 1 Jan 2001 |
[30] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099), after sub-category Gambling activities (92010 to 92099)
Insert
| Casino operations (92010) |
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
| Carpets | 8 | * | 1 Jul 2022 |
| Count and cage assets: | | | |
| Coin scales | 10 | * | 1 Jul 2022 |
| Counterfeit detectors | 8 | * | 1 Jul 2022 |
| Note counters/sorters/verifiers | 6 | * | 1 Jul 2022 |
| Trolleys | 10 | * | 1 Jul 2022 |
| Electronic table games (including keno games, poker games, rapid games) | 6 | * | 1 Jul 2022 |
| Entertainment assets: | | | |
| Audio (including amplifiers, microphones, speakers, processors) | 5 | * | 1 Jul 2022 |
| Visual (including televisions, DVD players) | 5 | * | 1 Jul 2022 |
| Gaming signage (including digital displays, jackpot displays, LED/LCD video walls and partitions) | 5 | * | 1 Jul 2022 |
| Gaming stools and chairs | 5 | * | 1 Jul 2022 |
| Gaming tables (including blackjack, poker, roulette) | 7 | * | 1 Jul 2022 |
| Poker/gaming machines | 6 | * | 1 Jul 2022 |
| Poker/gaming machines system hardware (used for monitoring) | 6 | * | 1 Jul 2022 |
| Security and monitoring assets – see Table B Security and monitoring assets | | | |
| Table game equipment: | | | |
| Big wheels | 7 | * | 1 Jul 2022 |
| Card shufflers | 5 | * | 1 Jul 2022 |
| Chippers | 5 | * | 1 Jul 2022 |
| Chips and plaques | 10 | * | 1 Jul 2022 |
| Dealer handset devices | 5 | * | 1 Jul 2022 |
| Display screens | 5 | * | 1 Jul 2022 |
| Roulette wheels | 7 | * | 1 Jul 2022 |
| Shoes (electronic type) | 5 | * | 1 Jul 2022 |
[31] Heading to Table B
Omit
Table B as at 1 July 2021
Substitute
Table B as at 1 July 2022
[32] Table B, items beginning with A
Omit
| Other accommodation units (eg manufactured homes) | 30 | * | 1 Jul 2015 |
Substitute
| Other accommodation units (e.g. manufactured homes) | 30 | * | 1 Jul 2015 |
[33] Table B, items beginning with E
After
| ASSET | LIFE (YEARS) | REVIEWED | DATE OF APPLICATION |
Insert
[34] Table B, items beginning with M
Omit
| Hire cars: | | | |
| Cars used to provide basic service
ride-sourcing, ride-hailing or ride-sharing services (eg uberX) | 8 | * | 1 Jul 2016 |
| Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services eg UberBLACK) | 6 | * | 1 Jul 2016 |
Substitute
| Hire cars: | | | |
| Cars used to provide basic service
ride-sourcing, ride-hailing or ride-sharing services (e.g. uberX) | 8 | * | 1 Jul 2016 |
| Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services e.g. UberBLACK) | 6 | * | 1 Jul 2016 |
[35] Table B, items beginning with P
After
| Partitions (demountable) | 20 | * | 1 Jul 2005 |
Insert
| Plastic safety screens (including sneeze guards) | 2 | * | 1 July 2022 |
[36] Table B, items beginning with P
Omit
| Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) | 15 | * | 1 Jul 2014 |
Substitute
| Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (e.g. construction sites) | 15 | * | 1 Jul 2014 |