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  • What does an effective life review involve?

    Broadly, these reviews involve:

    • identifying the assets currently used in the industry
    • consulting (including interviews and asset inspections) with major interest groups such as industry representative bodies, users and suppliers
    • completing a report with recommendations for new effective lives based on analysis of the factors listed in Taxation Ruling TR 2017/2 Income tax: effective life of depreciating assets (applicable from 1 July 2016).
    • removing redundant items currently in the effective life schedule.

    Our effective life team is responsible for creating and authorising our view on all issues concerning the effective life of depreciating assets.

    An important part of the team’s role is to update and expand the effective life schedule attached to TR 2017/2. We do this by conducting effective life reviews, either of single asset such as buses, or industries such as the gold mining industry.

    New effective lives arising from these reviews are published yearly in a new taxation ruling as illustrated in the table below.

    Date of effect


    1 July 2017

    TR 2017/2

    1 July 2016

    TR 2016/1W

    1 July 2015

    TR 2015/2W

    1 July 2014

    TR 2014/4W

    1 July 2013

    TR 2013/4W

    1 July 2012

    TR 2012/2W

    1 July 2011

    TR 2011/2W

    1 July 2010

    TR 2010/2W

    1 July 2009

    TR 2009/4W

    1 July 2008

    TR 2008/4W

    1 July 2007

    TR 2007/3W

    1 January 2007

    TR 2006/15W

    1 July 2006

    TR 2006/5W

    Prior to 1 July 2006

    Addenda to TR 2000/18W

      Last modified: 04 Jul 2017QC 17319