Taxation Ruling

TR 2021/3

Income tax: effective life of depreciating assets (applicable from 1 July 2021)

  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This document has been Withdrawn.
    View the Withdrawal notice for this document.
    This Ruling, which applies from 1 July 2021, replaces TR 2020/3 (see paragraph 6 of this Ruling for further details).

E

E
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Employee time and attendance recorders (including bundy clocks, time clocks etc):
    Computerised time and attendance recorders (including fingerprint and face recognition systems and swipe card digital time clock systems) 10     *     1 Jul 2013
    Standalone electronic time and attendance recorders (card based etc) 10     *     1 Jul 2013
Escalators (machinery and their moving parts) 20     *     1 Jan 2003


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