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  • Draft effective life of assets used in the casino operation industry

    We are seeking your comments on the draft list of effective lives for assets used in the casino operation industry defined within ANZSIC code 92010.

    Comments are open until 18 February 2022.

    Proposed new determinations

    We propose adding the following list of effective life determinations to the Commissioner's schedule to apply to assets purchased (or otherwise first used or installed ready to use) on or after 1 July 2022 (within the meaning of section 40-95 of the Income Tax Assessment Act 1997).

    Casino activities

    All assets proposed in this determination take effect from 1 July 2022 (excluding Table B assets).

    List of assets

    Asset

    Effective life (years)

    Carpets

    8

    Count and cage equipment: coin scales

    10

    Count and cage equipment: counterfeit detectors

    8

    Count and cage equipment: note counters/sorters/verifiers

    6

    Count and cage equipment: trolleys

    10

    Electronic tables (including keno touch screens, poker games, rapid games)

    6

    Entertainment assets: Audio (including amplifiers, audio processors, microphones, speakers)

    5

    Entertainment assets: Visual (including televisions, DVD players)

    5

    Gaming signage (including digital displays, jackpot displays, LED/LCD video walls and petitions)

    5

    Gaming stools and chairs

    5

    Gaming tables:(including blackjack, poker, roulette)

    7

    Poker/gaming machines

    6

    Poker/gaming machines system hardware (used for monitoring)

    6

    Security and monitoring assets – see Table B Security and monitoring assets

     

    Table game equipment: big wheels

    7

    Table game equipment: card shufflers

    5

    Table game equipment: chippers

    5

    Table game equipment: chips and plaques

    10

    Table game equipment: dealer handset devices

    5

    Table game equipment: display screens

    5

    Table game equipment: roulette wheels

    7

    Table game equipment: shoes (electronic type)

    5

    For more information see TR 2021/3 - Income tax: effective life of depreciating assets.

    Tell us what you think

    If you have an interest in these draft effective lives we invite you to comment. If you disagree with a proposed effective life, tell us why a different effective life should be recommended.

    Provide us with your comments or questions by 18 February 2022:

      Last modified: 25 Jan 2022QC 67697