Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2002 (No. 2)

I, BRUCE WILLIAM QUIGLEY, Deputy Chief Tax Counsel, make this Determination under subsection 40-100 (1) of the Income Tax Assessment Act 1997.

Dated 5 December 2002

Signed by Bruce Quigley

Deputy Chief Tax Counsel

 

1 Name of Determination

  This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2002 (No. 2).

2 Commencement

  This Determination commences on 1 January 2003.

3 Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2001

  Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001.


Schedule 1 Amendments

(section 3)

[1] Table A, industry category Health and Community Services (86110 to 87290)

substitute

 

HEALTH AND COMMUNITY SERVICES

(86110 to 87290)

 

Dentists’ Plant:

 

 

 

 Electric motors

20

 

1 Jan 2001

 High speed equipment:

 

 

 

  Air operated dental drilling equipment

10

 

1 Jan 2001

  Air compressors (independent)

20

 

1 Jan 2001

 Instruments and plant (other than high speed equipment)

20

 

1 Jan 2001

Medical Assets:

 

 

 

 Hospital assets:

 

 

 

  Anaesthesia machines

10

*

1 Jan 2003

  Angiography assets:

 

 

 

   Image acquisition system (incorporating computer with digital subtraction capability, digital camera, monitor and integrated software)

4

*

1 Jul 2002

   Image intensifier

7

*

1 Jul 2002

   Patient gantry or table, patient monitoring assets, positioning assets, and pressure injectors

10

*

1 Jul 2002

  Cell savers and cell separators

7

*

1 Jan 2003

  Colposcopes

10

*

1 Jan 2003

  Defibrillators

10

*

1 Jan 2003

  Diathermy and cautery machines/electrosurgical generators

10

*

1 Jan 2003

  Endoscopic surgery assets (excluding disposable accessories):

 

 

 

   Arthroscopic fluid management systems

7

*

1 Jan 2003

   Endoscopes (flexible and rigid) and endoscopic surgical instruments

4

*

1 Jan 2003

   Endoscopic camera systems:

 

 

 

    Beam splitters and light sources

10

*

1 Jan 2003

    Printers, video cameras, video camera adaptors, couplers and heads, video image capture systems and video processors

5

*

1 Jan 2003

    Still cameras

7

*

1 Jan 2003

    Video monitors and video recorders

7

*

1 Jan 2003

   Endoscopic electrosurgical generators

10

*

1 Jan 2003

   Endoscopic lasers

10

*

1 Jan 2003

   Endoscopic ultrasound systems (incorporating scanner, transducers/probes, integrated computer and integrated software)

5

*

1 Jan 2003

  Haemodialysis machines

7

*

1 Jan 2003

  Head lights

7

*

1 Jan 2003

  Hospital furniture:

 

 

 

   Beds:

 

 

 

    Electronic

7

*

1 Jan 2003

    Mechanical

10

*

1 Jan 2003

   Bedside cabinets/lockers, carts and poles, blanket warming cabinets, blood warming cabinets, medical refrigerators, and overbed tables

10

*

1 Jan 2003

  Infusion pumps:

 

 

 

   General, pain management and rapid

8

*

1 Jan 2003

   Syringe driven

6

*

1 Jan 2003

  Insufflators

10

*

1 Jan 2003

  Lithotriptors used for extra-corporeal shock wave lithotripsy

7

*

1 Jan 2003

  Mechanical assist assets:

 

 

 

   Calf and cuff compression devices

8

*

1 Jan 2003

   Cardiac bypass and heart lung machines

8

*

1 Jan 2003

   Intra-aortic balloon pumps

8

*

1 Jan 2003

   Ventricular assist heart pumps

8

*

1 Jan 2003

  Natal care assets (including incubators, infant warmers and mobile infant warmers)

7

*

1 Jan 2003

  Operating tables and attachments:

 

 

 

   Electronic

10

*

1 Jan 2003

   Mechanical

13

*

1 Jan 2003

  Operating theatre lights

8

*

1 Jan 2003

  Pan flushers

10

*

1 Jan 2003

  Patient hoists and lifters

10

*

1 Jan 2003

  Patient monitoring assets:

 

 

 

   Bedside monitoring systems

7

*

1 Jan 2003

   Cardiac monitors

7

*

1 Jan 2003

   ECG (electrocardiographs)

7

*

1 Jan 2003

   Foetal monitors

7

*

1 Jan 2003

   Pulse oximeters

7

*

1 Jan 2003

   Vital signs monitors

7

*

1 Jan 2003

  Patient warming assets (excluding disposable accessories):

 

 

 

   Fluid warmers

10

*

1 Jan 2003

   Forced air patient warmers

10

*

1 Jan 2003

  Smoke evacuators

8

*

1 Jan 2003

  Sterilisation and autoclave processing assets:

 

 

 

   Drying cabinets

10

*

1 Jan 2003

   Endoscope sterilisers and disinfectors

5

*

1 Jan 2003

   Flash sterilisers

10

*

1 Jan 2003

   Instrument washers

10

*

1 Jan 2003

   Pre-vacuum sterilisers

10

*

1 Jan 2003

   Ultrasonic cleaners and baths

7

*

1 Jan 2003

  Surgical instruments:

 

 

 

   Hand held manually operated instruments

8

*

1 Jan 2003

   Powered instruments (including drills, saws, shavers, non-disposable instrument accessories and power sources)

7

*

1 Jan 2003

   Ultrasonic aspirators

10

*

1 Jan 2003

   Ultrasonic scalpels

10

*

1 Jan 2003

  Surgical lasers (excluding ophthalmic surgical lasers)

10

*

1 Jan 2003

  Surgical microscopes

10

*

1 Jan 2003

  Ultrasonic bladder scanners

10

*

1 Jan 2003

  Ultrasonic needle guides

10

*

1 Jan 2003

  Ultrasound systems (incorporating scanner, transducers, integrated computer and integrated software) used by cardiologists, obstetricians and vascular surgeons

5

*

1 Jul 2002

  Ventilators:

 

 

 

   Fixed

7

*

1 Jan 2003

   Portable

5

*

1 Jan 2003

  Wheelchairs

10

*

1 Jan 2003

 Ophthalmic surgeons’ plant

10

 

1 Jan 2001

 Pathologists’ assets:

 

 

 

  Batch slide stainer

6

*

1 Jan 2002

  Bio hazard chambers

10

*

1 Jan 2002

  Centrifuges

5

*

1 Jan 2002

  Incubators

6

*

1 Jan 2002

  Laboratory analysers

5

*

1 Jan 2002

  Microscopes

10

*

1 Jan 2002

  Rotary microtomes

6

*

1 Jan 2002

  Tissue embedding systems

6

*

1 Jan 2002

  Tissue processors

6

*

1 Jan 2002

 Radiologists’ diagnostic imaging assets:

 

 

 

  Bone densitometry (BMD) system  (incorporating either a whole body scanner,  integrated computer and integrated software, or               a spine and hip scanner, holding devices,               integrated computer and integrated software)

10

*

1 Jul 2002

  Computed radiography (CR) digitiser

4

*

1 Jul 2002

  Computed tomography (CT) system  (incorporating scanner, integrated computer  and integrated software)

10

*

1 Jul 2002

  Film digitiser

4

*

1 Jul 2002

  Fluoroscopy assets (excluding direct  radiography assets):

 

 

 

   Fixed system (incorporating buckies,    generators, screening table and  Â Â Â Â Â Â Â Â Â Â Â Â Â                              suspensions)

15

*

1 Jul 2002

   Image acquisition system (incorporating a    computer, digital camera, integrated software                             and monitor)

4

*

1 Jul 2002

   Image intensifier

7

*

1 Jul 2002

   Mobile system (incorporating buckies,    generators, screening table and  Â Â Â Â Â Â Â Â Â Â Â Â Â                              suspensions)

10

*

1 Jul 2002

  Magnetic resonance imaging (MRI) system  (incorporating a scanner, cooling system, radio  frequency coil accessories, integrated computer               and integrated software)

7

*

1 Jul 2002

  Mammography systems (incorporating  either prone core biopsy scanner, quality  assurance equipment, stereotaxis, integrated               computer and integrated software or               conventional upright scanner, quality assurance               equipment, stereotaxis, integrated computer and               integrated software)

7

*

1 Jul 2002

  Nuclear medicine systems (incorporating  camera, gantry, collimators, integrated  computer, integrated software and hot lab               equipment but excluding Positron Emission               Tomography (PET) systems)

10

*

1 Jul 2002

  Orthopantomography (OPG) systems   (incorporating scanner, integrated computer  and integrated software)

15

*

1 Jul 2002

  Patient archival and communication systems  (PACS)

4

*

1 Jul 2002

  Processing assets:

 

 

 

   Daylight imaging processors

9

*

1 Jul 2002

   Dry laser imaging processors

8

*

1 Jul 2002

   Wet laser imaging processors

10

*

1 Jul 2002

  Teleradiology assets (excluding the imaging  device)

4

*

1 Jul 2002

  Ultrasound systems (incorporating scanner,  transducers, integrated computer and  integrated software)

5

*

1 Jul 2002

  X-Ray assets (excluding direct  radiography assets):

 

 

 

   Fixed systems (incorporating buckies, control   panels, generators, screening table,                                           suspensions, tube column and x-ray tube)

15

*

1 Jul 2002

   Image intensifier

7

*

1 Jul 2002

   Mobile systems (incorporating buckies,    control panels, generators, screening table,                             suspensions, tube column and x-ray tube)

10

*

1 Jul 2002

 Vision analyser computer

5

 

1 Jan 2001

Nursing Home:

 

 

 

 Commode

131/3

 

1 Jan 2001

 Nurse call equipment

20

 

1 Jan 2001

 Scales

20

 

1 Jan 2001

 Shower chairs

10

 

1 Jan 2001

 Trolleys

131/3

 

1 Jan 2001

Veterinary’s Plant (mobile clinic designed for carriage on utility or truck)

131/3

 

1 Jan 2001

[2] Table A, industry category Manufacturing (21110 to 29490), subcategory Metal and Metal Product Manufacturing (27110 to 27690)

before

 

Designs used in connection with stamping decorative steel and iron work

40

 

1 Jan 2001

insert

 

Alumina manufacturing (including bauxite refining and calcined alumina manufacturing):

 

 

 

 Bauxite crushing and handling assets:

 

 

 

  Conveyors

30

*

1 Jan 2003

  Crushing assets

30

*

1 Jan 2003

  Screening assets

15

*

1 Jan 2003

  Stockpile reclaimers, stackers and stacker/reclaimers

30

*

1 Jan 2003

  Train loading assets (including conveyors, product bins and towers)

30

*

1 Jan 2003

 Bauxite residue disposal assets:

 

 

 

  Initial containment areas

20

 

1 Jan 2001

  Mudlakes

10

 

1 Jan 2001

 Calcination assets:

 

 

 

  Calciners and kilns

25

*

1 Jan 2003

  Generally (including alumina cooling assets, hydrate storage tanks and hydrate washing assets)

30

*

1 Jan 2003

 Clarification of liquor stream assets (including counter current washing tanks, flash tanks, lime burning assets, lime handling assets, lime slaking assets, settling tanks and other tanks and vessels)

30

*

1 Jan 2003

 Control systems assets

10

*

1 Jan 2003

 Digestion assets (including desilication tanks, digester vessels, flash tanks, heat exchangers, heaters, mills and trihydrate bauxite treatment assets)

30

*

1 Jan 2003

 Emissions control assets (including baghouse filters and electrostatic precipitators)

20

*

1 Jan 2003

 Filtration assets for hydrate and slurry (including filters used for clarification of liquor and filters used for coarse hydrate)

15

*

1 Jan 2003

 Pipework (including slurry pipes)

30

*

1 Jan 2003

 Precipitation assets (including classification assets, cooling towers, crystallisation assets, heat exchangers, tanks and vessels)

30

*

1 Jan 2003

 Pumps

20

*

1 Jan 2003

 Steam raising and electrical infrastructure assets (including switchgear and transformers)

30

*

1 Jan 2003

Aluminium smelting:

 

 

 

 Anode baking assets (including crucibles and furnaces)

20

*

1 Jan 2003

 Anode (green) pasting assets:

 

 

 

  Crushing assets

30

*

1 Jan 2003

  Mixing and forming assets

15

*

1 Jan 2003

  Screening assets

15

*

1 Jan 2003

 Anode rodding assets (including aluminium spray station assets, furnaces and metal casting assets)

20

*

1 Jan 2003

 Compressors

20

*

1 Jan 2003

 Control systems assets

10

*

1 Jan 2003

 Cranes and gantries (including cell tending machines)

20

*

1 Jan 2003

 Emissions control assets (including baghouse filters and electrostatic precipitators)

20

*

1 Jan 2003

 Materials handling assets:

 

 

 

  Anode transport vehicles and hot metal carriers

10

*

1 Jan 2003

  Generally (including conveyors, silos and stockpile reclaiming assets)

30

*

1 Jan 2003

 Metal casting assets (including casting machines, casting wheels, crucibles, foam filters, furnaces, inline metal treatment assets, stacking machines and weighing machines)

20

*

1 Jan 2003

 Pot line/reduction line assets (excluding cell tending machines, cranes and gantries)

25

*

1 Jan 2003

 Pumps

20

*

1 Jan 2003

 Steam raising and electrical infrastructure assets:

 

 

 

  Generally (including switchgear and transformers)

30

*

1 Jan 2003

  Rectiformers

20

*

1 Jan 2003

[3] Table A, industry category Manufacturing (21110 to 29490), subcategory Metal and Metal Product Manufacturing (27110 to 27690)

omit

 

Smelting Plant

8

 

1 Jan 2001

[4] Table A, industry category Mining (11010 to 15200), subcategory Coal Mining and Metal Ore Mining etc (11010 to 11020) and (13110 to 15200)

omit

 

Coal hulks

162/3

 

1 Jan 2001

Conveyor units:

 

 

 

 Rubber conveyor belts

62/3

 

1 Jan 2001

 Idlers

8

 

1 Jan 2001

 Motor, drive and structure of conveyor system

131/3

 

1 Jan 2001

Dredging Machinery

131/3

 

1 Jan 2001

Gangways

40

 

1 Jan 2001

General plant

131/3

 

1 Jan 2001

Initial containment areas

20

 

1 Jan 2001

Mine cars

10

 

1 Jan 2001

Mudlakes

10

 

1 Jan 2001

Port Assets - see Table A Water Transport and Services to Water Transport (63010 to 63030) and (66210 to 66290)

 

*

1Jul 2002

Pumps (used in mines and coal washing plant)

20

 

1 Jan 2001

Quarrying Plant and Machinery

10

 

1 Jan 2001

Railway infrastructure assets and rolling-stock – see Table A Rail Transport (62000)

 

*

1 Jan 2002

Skips in coal mines

131/3

 

1 Jan 2001

insert

 

Mineral Sand Mining and Processing:

 

 

 

 Aeration assets (including aerators, attritioners, blowers and turbine impeller agitated vessels)

20

*

1 Jan 2003

 Classification and gravity separation assets (including centrifuges, cones, cyclones, screw classifiers, spirals and tables)

15

*

1 Jan 2003

 Crushing assets (including drum scrubbers)

30

*

1 Jan 2003

 Dredges

20

*

1 Jan 2003

 Drying assets:

 

 

 

  Generally (including flash and fluid bed dryers and fluid bed heaters)

20

*

1 Jan 2003

  Rotary dryer kilns

30

*

1 Jan 2003

 Dust management assets:

 

 

 

  Baghouse filters and extractors

30

*

1 Jan 2003

  Cyclones

15

*

1 Jan 2003

  Multiclones

20

*

1 Jan 2003

 Electrostatic separation assets (including curve plates, electrostatic roll separators, high tension roll separators and screen plates)

20

*

1 Jan 2003

 Filtration/Dewatering assets (including candle filter presses, dewatering towers, horizontal belt filters and hydrocyclones)

15

*

1 Jan 2003

 Magnetic separation assets (including belt and drum separators, electromagnetic separators, induced roll and rare earth magnetic separators, and wet high intensity magnets)

20

*

1 Jan 2003

 Materials handling assets (including bins, bucket and conveying elevators, conveyors, feeders, hoppers, loading systems, paddle mixers and tailings stackers)

30

*

1 Jan 2003

 Screening assets (including screens and trommels)

15

*

1 Jan 2003

 Support assets:

 

 

 

  Control systems

10

*

1 Jan 2003

  Pipelines, piping and pumps

20

*

1 Jan 2003

  Tanks:

 

 

 

   Constant density and thickening

20

*

1 Jan 2003

   Generally (including acid leaching and water)

15

*

1 Jan 2003

 Thermal reduction assets (including cooler kilns, cooling towers, heat exchangers and reduction kilns)

30

*

1 Jan 2003

 Waste gas handling assets:

 

 

 

  Afterburners

20

*

1 Jan 2003

  Cyclones

15

*

1 Jan 2003

  Electrostatic precipitators

30

*

1 Jan 2003

  Scrubbers and stacks

20

*

1 Jan 2003

Port Assets – see Table A Water Transport and Services to Water Transport (63010 to 63030) and (66210 to 66290)

 

*

1 Jul 2002

Quarrying Plant and Machinery

10

 

1 Jan 2001

Railway Infrastructure Assets and Rolling-stock – see Table A Rail Transport (62000)

 

*

1 Jan 2002

[5] Table A, industry category Transport and Storage (61100 to 67090), sub-category Air Transport and Services to Air Transport (64010 to 64033) and (66300)

substitute

 

Air Transport and Services to Air Transport
(64010 to 64033) and (66300)

Aircraft Maintenance Assets:

 

 

 

 Aircraft testing equipment

131/3

 

1 Jan 2001

 General plant and machinery

20

 

1 Jan 2001

 Hangar fixtures and fittings

20

 

1 Jan 2001

 Plant subject to excessive corrosion

10

 

1 Jan 2001

 Precision machines and plant

10

 

1 Jan 2001

Aircraft Training Assets:

 

 

 

 Flight simulators

8

 

1 Jan 2001

 Link trainers

8

 

1 Jan 2001

Airport Assets:

 

 

 

 Aerobridges

20

*

1 Jan 2003

 Baggage handling assets:

 

 

 

  Baggage check-in stations (incorporating scales and check-in conveyors)

10

*

1 Jan 2003

  Baggage outbound conveyor systems (incorporating belts, diverters, gearboxes, motors, ploughs, rollers, structures and tag readers)

15

*

1 Jan 2003

  Baggage reclaim conveyor systems (incorporating belts, gearboxes, motors, rollers and structures)

15

*

1 Jan 2003

 Control systems (excluding computers)

10

*

1 Jan 2003

 Fire safety and rescue assets:

 

 

 

  Breathing units

10

*

1 Jan 2003

  Drills, air powered

10

*

1 Jan 2003

  Fire fighting vehicles

20

*

1 Jan 2003

  Rescue boats:

 

 

 

   Aluminum

20

*

1 Jan 2003

   Inflatable

8

*

1 Jan 2003

  Rescue units (jaws of life)

15

*

1 Jan 2003

 Fuel supply assets:

 

 

 

  Aircraft fueller vehicles

15

*

1 Jan 2003

  Aircraft hydrant dispenser vehicles

15

*

1 Jan 2003

  Filters, fuel

25

*

1 Jan 2003

  Fire fighting systems

25

*

1 Jan 2003

  Piping

25

*

1 Jan 2003

  Pumps, fuel

25

*

1 Jan 2003

  Tanks

25

*

1 Jan 2003

 Ground support assets:

 

 

 

  Aircraft loader/unloader vehicles

15

*

1 Jan 2003

  Aircraft stairs:

 

 

1 Jan 2003

   Manual

20

*

1 Jan 2003

   Vehicle mounted

15

*

1 Jan 2003

  Airstart units

15

*

1 Jan 2003

  Containers, air cargo (used to transport goods by air)

5

*

1 Jan 2001

  Ground power units

15

*

1 Jan 2003

  High lift service vehicles (including catering, lavatory, maintenance and water vehicles)

15

*

1 Jan 2003

  Tow tractors

20

*

1 Jan 2003

  Tractors, baggage

15

*

1 Jan 2003

  Tractor trolleys (including baggage and container trolleys, and dollies)

10

*

1 Jan 2003

 Navigation aids:

 

 

 

  Distance measuring assets

15

*

1 Jan 2003

  Instrument landing systems

10

*

1 Jan 2003

  Non-directional beacons (excluding towers)

15

*

1 Jan 2003

  Radar sensors

15

*

1 Jan 2003

  Towers

30

*

1 Jan 2003

  VHF omni range assets (excluding towers)

15

*

1 Jan 2003

 Runway sweepers

15

*

1 Jan 2003

 Terminal building assets:

 

 

 

  Flight information display signs (including monitors and LED screens)

7

*

1 Jan 2003

  Security scanning assets (including explosive detection systems, hand-held and walk through detectors, and x-ray screening systems)

5

*

1 Jan 2003

 Visual aids assets:

 

 

 

  Docking guidance systems

10

*

1 Jan 2003

  Lighting systems (including apron floodlighting, runway lighting and taxiway lighting)

15

*

1 Jan 2003

  Movement area guidance signs

10

*

1 Jan 2003

  Visual approach slope indicator systems (PAPI)

15

*

1 Jan 2003

  Wind direction indicators, illuminated

10

*

1 Jan 2003

[6] Table B, items beginning with D

omit

 

Dredges

20

 

1 Jan 2001

insert

 

Dredges

20

*

1 Jan 2003

[7] Table B, items beginning with E

omit

 

Escalators (machinery and their moving parts)

162/3

 

1 Jan 2001

insert

 

Escalators (machinery and their moving parts)

20

*

1 Jan 2003

[8] Table B, items beginning with L

omit

 

Lifts and Elevators:

 

 

 

  Electric

162/3

 

1 Jan 2001

  Hydraulic

20

 

1 Jan 2001

insert

 

Lifts (including dumbwaiters, hydraulic lifts and traction lifts)

30

*

1 Jan 2003

[9] Table B, items beginning with M

after

 

 Motor cycles and scooters

62/3

 

1 Jan 2001

insert

 

Moving walks

20

*

1 Jan 2003