Taxation Ruling

TR 2019/5

Income tax: effective life of depreciating assets (applicable from 1 July 2019)

  • Please note that the PDF version is the authorised version of this ruling.
    This Ruling, which applies from 1 July 2019, replaces TR 2018/4 (see paragraph 5 of this Ruling for further details).
    This document has changed over time. View its history.

Financial and insurance services - (62100 to 64200)

FINANCIAL AND INSURANCE SERVICES
(62100 to 64200)
Banking, building society and credit union operations
(62210 to 62230)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Automatic teller machines (ATMs) - see Table B Automatic teller machines (ATMs)
Cheque processing machines (including proof machines, endorsers, MICR encoders, printers, readers, sorters and scanners) 5     *     1 Jul 2019
Cash handling assets:
    Coin cabinets, secure coin storage units and coin trolleys 15     *     1 Jul 2019
    Coin counters and sorters, and coin deposit machines (CDMs) 10     *     1 Jul 2019
    Note counters and sorters 8     *     1 Jul 2019
    Teller cash recyclers (TCRs), teller cash dispensers (TCDs), teller assist units (TAUs) and automated teller safes (ATSs) 7     *     1 Jul 2019
    Weighing machines (such as coin scales, digital weighing machines, and note scales) 7     *     1 Jul 2019
EFTPOS machines and EFTPOS terminals (such as PIN pads) - see Table B Point of sale assets
Safes:
    Safes (portable) 40     *     1 Jul 2019
    Strongroom door and frame 100 1 Jan 2001
    Teller safes, counter safes and teller time-delay safes 25     *     1 Jul 2019
    Vaults (demountable or portable) and demountable strongrooms 100     *     1 Jul 2019
Security assets:
    Anti-jump barriers (cables or partitions) 15     *     1 Jul 2019
    Ballistic and blast resistant screens and barriers (including fixed and rising types) not forming part of the building - see Table B Security and monitoring assets
Variable message signs, such as electronic FX boards and digital LED screens - see Table B Advertising signs

Not previously issued as a draft

References

ATO references:
NO 1-HHM96UX

Previous Rulings/Determinations:
TR 2013/4
TR 2014/4
TR 2015/2
TR 2016/1
TR 2017/2
TR 2018/4

ISSN: 2205-6122

Subject References:
depreciation
depreciation rate
effective life

Business Line:  PGI

Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-95(4)
ITAA 1997 40-95(5)
ITAA 1997 40-95(7)
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
TAA 1953

Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2019 (No. 1)

TR 2019/5 history
  Date: Version: Change:
  26 June 2019 Original ruling  
You are here 22 April 2020 Consolidated ruling  

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