Effective Life 2020/2


This legislative instrument was repealed on 1 December 2020 by the Legislation Act 2003.

Income Tax Assessment Act 1997

I, Louise Clarke, Deputy Commissioner of Taxation, make this determination under subsection 40-100(1) of the Income Tax Assessment Act 1997.

1. Name of Instrument

This determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 2) 2020.

2. Commencement

This instrument commences on 1 July 2020.

3. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2015

Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2015 - F2015L00798 registered on 11 June 2015.

4. Definitions - meaning of symbols used in Tables A and B

An asterisk (*) in the third column of Tables A and B indicates the corresponding assets have been reviewed to date as part of the ongoing review of the Commissioner's effective life determinations.

A hash (#) in the third column of Table A or B indicates a capped life is available for the depreciating assets under section 40-102 of the Income Tax Assessment Act 1997.

A plus (+) in the third column of Table A indicates an immediate deduction is available to primary producers for the depreciating assets under Subdivision 40-F of the Income Tax Assessment Act 1997 subject to satisfaction of the required conditions.

Schedule 1 Amendments

(section 3)

[1] Heading to Table A

Omit
Table A as at 1 July 2019

Substitute
Table A as at 1 July 2020

[2] Table A, industry category AGRICULTURE, FORESTERY AND FISHING (01110 to 05290), sub-category Coffee, olive and tree nut growing (01370, 01390 to 01590)

Omit

            Tree shakes 10   *#   1 Jul 2007

Substitute

            Tree shakers 10   *#   1 Jul 2007

[3] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Fruit and vegetable processing (11400)

Omit

        Coolrooms - see Table B Refrigeration assets

Substitute

        Cool rooms - see Table B Refrigeration assets

[4] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Petroleum refining (17010)

Before:

Oil refinery assets:

Insert

Assets used to manufacture condensate, crude oil, domestic gas, liquid natural gas (LNG) or liquid petroleum gas (LPG) but not if the manufacture occurs in an oil refinery - see Table A Oil and gas extraction (07000)

[5] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Glass and glass product manufacturing (20100)

Omit

        Vertical masts and other elevating work platforms - see Table A Rental and hiring services (except real estate) (66110 to 67200), elevating work platforms (EWPs)

Substitute

        Vertical masts and other elevating work platforms - see Table A Rental and hiring services (except real estate) (66110 to 66400), Elevating work platforms (EWPs)

[6] Table A, industry category MANUFACTURING (11110 to 25990), sub-category Motor vehicle manufacturing (23110)

Omit

        Elevating work platforms - see Table A Rental and hiring services (except real estate) (66110 to 67200), Elevating work platforms (EWPs)

Substitute

        Elevating work platforms - see Table A Rental and hiring services (except real estate) (66110 to 66400), Elevating work platforms (EWPs)

[7] Table A, industry category MANUFACTURING (11110 to 25990), After sub-category Railway rolling stock manufacturing and repair services (23930)

Insert

Aircraft manufacturing and repair services
(23940)
ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
Air compression assets:
    Generally (including air compressors, air dryers and air receivers) (excluding portable air compressors) 13   *   1 Jul 2020
    Portable:
        Reciprocating 7   *   1 Jul 2020
        Rotary screw 10   *   1 Jul 2020
Aircraft testing and measurement equipment:
    Instrumentation, dynamometers and calibrating equipment (including testing equipment for engines, radios) 10   *   1 Jul 2020
    Maintenance stands (including rigs and engine stands) 20   *   1 Jul 2020
    Test cell tunnels 40   *   1 Jul 2020
Air start units 15   *   1 Jul 2020
Benches and tables 10   *   1 Jul 2020
Borescope equipment:
    Fixed probes 3   *   1 Jul 2020
    Flexible probes 3   *   1 Jul 2020
    Light source 5   *   1 Jul 2020
    Video scopes 5   *   1 Jul 2020
Cabin pressurisation test units 15   *   1 Jul 2020
Carbon fibre cutters used in manufacturing 10   *   1 Jul 2020
Computer numerical control (CNC) machines 10   *   1 Jul 2020
Cranes (gantry and overhead) 25   *   1 Jul 2020
Degreasing machines (including washing machines) 7   *   1 Jul 2020
Elevating work platforms:
    Boom lifts 15   *   1 Jul 2020
    Personnel lifts 10   *   1 Jul 2020
    Scissor lifts 10   *   1 Jul 2020
Hand tools, manual (including screw drivers, spanners, wrenches) 10   *   1 Jul 2020
Hand tools, powered: 1 Jul 2020
    Air 5   *   1 Jul 2020
    Battery 3   *   1 Jul 2020
    Electric 5   *   1 Jul 2020
Hydraulic power units (including hydraulic mules) 15   *   1 Jul 2020
Industrial autoclaves 30   *   1 Jul 2020
Industrial ovens 15   *   1 Jul 2020
Jacks 10   *   1 Jul 2020
Maintenance work platforms 20   *   1 Jul 2020
Measuring tools, manually operated (including vernier calipers, micrometers, depth gauges, tyre pressure gauges) 5   *   1 Jul 2020
Metal working precision machines (including automatic lathes, milling machines, jig borers) 10   *   1 Jul 2020
Mobile cranes 10   *   1 Jul 2020
Nitrogen carts 15   *   1 Jul 2020
Oxygen carts 15   *   1 Jul 2020
Racks 20   *   1 Jul 2020
Robots 10   *   1 Jul 2020
Sandblasters 7   *   1 Jul 2020
Sheet metal machines (including benders and folders, guillotines and roll formers) 15   *   1 Jul 2020
Tow bars 10   *   1 Jul 2020
Tow tractors:
    Generally (excluding remote controlled tugs) 20   *   1 Jul 2020
    Remote controlled tugs 10   *   1 Jul 2020
Tyre bead breakers 15   *   1 Jul 2020
Welders - see Table B Welders

[8] Table A, industry category CONSTRUCTION (30110 to 32900)

Omit

Traffic management assets (use the relevant lives given under Table A Rental and hiring services (66110 to 67200), whether or not the assets are in fact hired or leased)

Substitute

Traffic management assets (use the relevant lives given under Table A Rental and hiring services (except real estate) (66110 to 66400), whether or not the assets are in fact hired or leased)

[9] Table A, industry category WHOLESALE TRADE (33110 TO 38000)

Omit

    Pallet conveyers see Table B Warehouse and distribution centres

Substitute

    Pallet conveyers - see Table B Warehouse and distribution centre equipment and machines

[10] Table A, industry category RETAIL TRADE (39110 to 43209)

Omit

    Generator assets:
        Acoustic hoods and canopies 20   *   1 Jul 2005
        Generators (incorporating attached engine management and generator monitoring instrument) 25   *   1 Jul 2005
        Power management unit 15   *   1 Jul 2005

Substitute

    Generator assets - see Table B Power supply assets

[11] Table A, industry category RETAIL TRADE (39110 to 43209), After sub-category Food retailing (41100 to 41290)

Insert

Supermarket and grocery stores
(41100)
ASSET LIFE (YEARS) REVIEW DATE OF APPLICATION
Bakery assets:
    Bakery display assets, non-refrigerated (including freestanding display cabinets, cases, racks, shelves and stands) 10   *   1 Jul 2020
    Bakery trolleys 12   *   1 Jul 2020
    Bread slicers 10   *   1 Jul 2020
    Bun divider rounders 10   *   1 Jul 2020
    Doughnut making machines 8   *   1 Jul 2020
    Hydraulic dough dividers 10   *   1 Jul 2020
    Mixers (including planetary and spiral mixers) 10   *   1 Jul 2020
    Moulders 12   *   1 Jul 2020
    Ovens 10   *   1 Jul 2020
    Provers and retarder provers 8   *   1 Jul 2020
Butcher assets:
    Bandsaws 10   *   1 Jul 2020
    Meat:
        Mincers 10   *   1 Jul 2020
        Tenderisers 10   *   1 Jul 2020
    Meat trolleys 12   *   1 Jul 2020
    Sausage filling machines 10   *   1 Jul 2020
Deli Assets:
    Cheese cutters 10   *   1 Jul 2020
    Cheese graters 10   *   1 Jul 2020
    Coffee making machines (including espresso and drip filter type machines) 5   *   1 Jul 2020
    Contact grills 10   *   1 Jul 2020
    Deep fryers 10   *   1 Jul 2020
    Deli slicers 10   *   1 Jul 2020
    Hot food display assets (including bain marie, hot boxes and pie warmers) 10   *   1 Jul 2020
    Juicing machines, commercial type 8   *   1 Jul 2020
    Ovens (including chicken ovens and smoker ovens) 10   *   1 Jul 2020
    Popcorn machines 8   *   1 Jul 2020
    Sushi making assets (including rice cookers, rice mixers and sushi robots) 7   *   1 Jul 2020
Produce assets:
    Display barrels 10   *   1 Jul 2020
    Produce bins 12   *   1 Jul 2020
    Scales (including bench scales and hanging scales) 8   *   1 Jul 2020
Refrigeration and freezing assets:
    Compressors, condensers and evaporators 10   *   1 Jul 2020
    Freezers and refrigerators generally (including refrigeration cabinets and cases, standalone chillers, standalone freezers and standalone refrigerators) 10   *   1 Jul 2020
    Insulation panels used in cool or freezer rooms 30   *   1 Jul 2020
    Night blinds/covers 10   *   1 Jul 2020
Support and other assets:
    Automatic entrance swing gates 10   *   1 Jul 2020
    Balers (for cardboard and plastic) - see Table B Warehouse and distribution centre equipment and machines
    Benches (stainless steel), free standing 20   *   1 Jul 2020
    Bin lifters 15   *   1 Jul 2020
    Cash handling assets:
    Coin counters and sorters 10   *   1 Jul 2020
    Note counters and sorters 10   *   1 Jul 2020
        Safes 15   *   1 Jul 2020
    Cigarette cabinets, free standing 15   *   1 Jul 2020
    Counters, free standing (including checkout and service counters) 10   *   1 Jul 2020
    Dishwashers 10   *   1 Jul 2020
    Display racks and stands (including magazine racks/stands) 10   *   1 Jul 2020
    Hot water systems (excluding piping) 12   *   1 Jul 2020
    Label printers 5   *   1 Jul 2020
    Label printing scales 8   *   1 Jul 2020
    Labelling guns 5   *   1 Jul 2020
    Microwave ovens 5   *   1 Jul 2020
    Nut grinders/peanut butter makers 5   *   1 Jul 2020
    Packaging assets:
        Automatic labelling wrappers, modified atmosphere packaging (MAP) and vacuum chamber packaging machines 10   *   1 Jul 2020
        Benchtop heat wrappers 10   *   1 Jul 2020
    Point of sale assets:
        Generally (excluding self-checkout registers) - see Table B Point of sale assets
        Self-checkout registers 6   *   1 Jul 2020
    Power generators (emergency or standby) 20   *   1 Jul 2020
    Racking 20   *   1 Jul 2020
    Range hood exhaust fans 12   *   1 Jul 2020
    Safety steps 10   *   1 Jul 2020
    Shelving 15   *   1 Jul 2020
    Signage:
        Aisle signs 7   *   1 Jul 2020
        Others (such as advertising signs and signage for business identification) - see Table B Advertising signs
    Stock ladders 12   *   1 Jul 2020
    Trolleys, customer shopping type 7   *   1 Jul 2020
    Trolleys, stock type (including roll cages, platform trolleys, etc) 10   *   1 Jul 2020
    UV insect exterminators 7   *   1 Jul 2020

[12] Table A, industry category TRANSPORT, POSTAL AND WAREHOUSING (46100 TO 53090), sub-category Airport operations and other air transport support services (52200)

Omit

Aircraft maintenance assets:
    Aircraft testing equipment 13 1/3 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

Substitute

Aircraft maintenance assets - see Table A Aircraft manufacturing and repair services (23940)

[13] Table A, industry category PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES (69100 to 70000), sub-category Scientific testing and analysis services (69250)

Omit

Mineral processing and metallurgical  laboratory assets:

Substitute

Mineral processing and metallurgical laboratory assets:

[14] Table A, industry category PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES (69100 to 70000), sub-category Scientific testing and analysis services (69250)

Omit

        Solvent extraction & electro winning equipment 15   *   1 Jul 2019

Substitute

        Solvent extraction & electrowinning equipment 15   *   1 Jul 2019

[15] Table A, industry category PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES (69100 to 70000), sub-category Scientific testing and analysis services (69250)

Omit

        Carbon and Sulphur analysers 7   *   1 Jul 2019

Substitute

        Carbon and sulphur analysers 7   *   1 Jul 2019

[16] Table A, industry category EDUCATION AND TRAINING (80100 to 82200)

Omit

Kindergarten furniture and play equipment 5 1 Jan 2001

Substitute

Kindergarten furniture an play equipment - see Table A Child care services (87100)

[17] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900), After sub-category Hospitals (84010 to 84020)

Insert

General practice medical services
(85110)
ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
Anatomical medical models, plastic 10   *   1 Jul 2020
Autoclaves and sterilisers 8   *   1 Jul 2020
Automated ankle brachial pressure index (ABPI) measurement devices 6   *   1 Jul 2020
Automated external defibrillators (AEDs) - see Table B
Blood coagulation (INR) meters 5   *   1 Jul 2020
Cryosurgical assets:
    Cryosurgical flasks and guns 5   *   1 Jul 2020
    Liquid nitrogen storage dewers and tanks 10   *   1 Jul 2020
Dermatoscopes 5   *   1 Jul 2020
Ear irrigators 5   *   1 Jul 2020
Electrocardiograph (ECG) machines 7   *   1 Jul 2020
Examination lights:
    Desktop/trolley 3   *   1 Jul 2020
    Procedure 7   *   1 Jul 2020
Foetal heart monitors, external 7   *   1 Jul 2020
Hyfrecators - electrosurgical units 6   *   1 Jul 2020
Magnifying loupes 10   *   1 Jul 2020
Medical examination beds (adjustable/electric) 8   *   1 Jul 2020
Medical plaster saws 7   *   1 Jul 2020
Medical refrigerators 8   *   1 Jul 2020
Nebulisers 5   *   1 Jul 2020
Ophthalmoscopes, direct and otoscopes 6   *   1 Jul 2020
Oxygen tank regulators 10   *   1 Jul 2020
Portable observation machines (including vital signs monitors) 7   *   1 Jul 2020
Privacy curtains and rails 8   *   1 Jul 2020
Pulse oximeters 4   *   1 Jul 2020
Resuscitation kits 15   *   1 Jul 2020
Saddle chairs 7   *   1 Jul 2020
Scales:
    Baby scales 3   *   1 Jul 2020
    General, heavy duty, mother/baby scales 5   *   1 Jul 2020
Sphygmomanometers (including aneroid and digital) 5   *   1 Jul 2020
Spirometers 7   *   1 Jul 2020
Stethoscopes 10   *   1 Jul 2020
Suction machines, portable 8   *   1 Jul 2020
Surgical instruments (including forceps, needle holders, scissors, skin graft knives) 8   *   1 Jul 2020
Thermometers, digital 4   *   1 Jul 2020
Trolleys (including instrument and treatment trolleys) 10   *   1 Jul 2020
Wheelchairs 8   *   1 Jul 2020
X-ray viewers 10   *   1 Jul 2020

[18] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900), sub-category Retirement village and accommodation for the aged operation (86011 to 86012)

Omit

        Small appliances (including food processors, blenders, stick mixers) 4   *   1 Jul 2019

Substitute

        Small appliances (including blenders, food processors, meat slicers, stick mixers) 4   *   1 Jul 2019

[19] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900), After sub-category Retirement village and accommodation for the aged operation (86011 to 86012)

Insert

Child care services
(87100)
ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
Audio visual assets 5   *   1 Jul 2020
Augmented reality (AR) interactive sandboxes (incorporating projectors) 5   *   1 Jul 2020
Electronic whiteboards (including touch screen interactive digital boards) 6   *   1 Jul 2020
Furniture used by children, freestanding:
    Age specific (including cots, changing tables, floor sleeping mattresses, high and low feeding chairs, and stackable beds) 5   *   1 Jul 2020
    Carpet mats (including rugs and floor mats/cushions) 5   *   1 Jul 2020
    Others (including bookcases, chairs and sofas, coat/dress-up racks, easels, room dividers, tables and storage shelving units) 10   *   1 Jul 2020
Play area assets:
    Furniture, freestanding (including tables, seating and toy storage boxes) 5   *   1 Jul 2020
    Pet enclosures and structures, freestanding (including bird aviaries ,chicken coops, fish tanks, guinea pig cages and rabbit hutches) 10   *   1 Jul 2020
    Playground flooring:
        Artificial grass/synthetic lawn 7   *   1 Jul 2020
        Soft fall flooring (including wet pour rubber and rubber mats) 5   *   1 Jul 2020
    Playsets (including cubby houses, forts, slides, swing sets and trestle frames) 8   *   1 Jul 2020
    Pole and post padding/protectors 5   *   1 Jul 2020
    Sandpits, freestanding (including portable sandpits and sandpit covers) 7   *   1 Jul 2020
    Tents, portable (including gazebos, marquees and tepee play tents) 5   *   1 Jul 2020
    Toys (not specified elsewhere) 3   *   1 Jul 2020
    Tricycles and bicycles (including balance bicycles and tricycle scooters) 5   *   1 Jul 2020
    Water play area filtration assets and water pumps 7   *   1 Jul 2020
Support assets:
    Automated external defibrillators (AEDs) - see Table B Automated external defibrillators (AEDs)
    Fascia signs (including freestanding signs) - see Table B Advertising signs
    Fire control and alarm assets - see Table B Fire control and alarm assets
    Floor coverings - see Table B Floor coverings (removable without damage)
    Garden sheds, freestanding 15   *   1 Jul 2020
    Hand dryers - see Table B Hand dryers (electrical)
    Kiosk stands, freestanding 10   *   1 Jul 2020
    Kitchen assets:
        Dishwashers 5   *   1 Jul 2020
        Food cooking assets (including combination ovens, cooktops, fryers, soup kettles and stoves) 10   *   1 Jul 2020
        Grease traps 10   *   1 Jul 2020
        Kitchen trolleys 5   *   1 Jul 2020
        Microwave ovens 5   *   1 Jul 2020
        Refrigerators/freezers 10   *   1 Jul 2020
        Small appliances (including blenders, food processors, mixers and toasters) 4   *   1 Jul 2020
    Laundry assets:
        Dryers 5   *   1 Jul 2020
        Washing machines 5   *   1 Jul 2020
    Reception furniture, freestanding (including lobby chairs, desks, lounges, sofas and tables) - see Table B Office furniture, freestanding
    Security and monitoring assets - see Table B Security and monitoring assets
    Steam cleaners 3   *   1 Jul 2020
    Strollers:
        Commercial multi seat (including buggies) 10   *   1 Jul 2020
        Others 5   *   1 Jul 2020
    Time attendance devices (including fingerprint and vein scanners) 7   *   1 Jul 2020
    Vacuum cleaners 3   *   1 Jul 2020
Table games 5   *   1 Jul 2020
Television sets 8   *   1 Jul 2020

[20] Table A, industry category OTHER SERVICES (94100 to 96030), sub-category Funeral, crematorium and cemetery services (95200)

Omit

Funeral directors' plant 20 1 Jan 2001

Substitute

Cemetery assets:
    Casket lowering devices 10   *   1 Jul 2020
    Mini excavators and skid steer loaders 10   *   1 Jul 2020
Crematorium assets:
    Ash processors/granulators 7   *   1 Jul 2020
    Cremators 20   *   1 Jul 2020
    Dust collection assets 10   *   1 Jul 2020
Funeral assets:
    Bench seating 10   *   1 Jul 2020
    Broadcasting equipment (including audio visual devices and streaming equipment) 5   *   1 Jul 2020
    Church trolleys/trucks 15   *   1 Jul 2020
    Coffin racks 13   *   1 Jul 2020
    Engravers:
        Electronic/laser cutters 7   *   1 Jul 2020
        Manual 20   *   1 Jul 2020
    Lecterns 15   *   1 Jul 2020
    Scissor lift tables - see Table B Loading bay assets
General assets:
    Funeral coaches/hearses 15   *   1 Jul 2020
    Mortuary cots/stretchers 15   *   1 Jul 2020
    Refrigeration assets:
        Cool rooms - see Table B Refrigeration assets
        Refrigeration racks 20   *   1 Jul 2020
    Scales:
        Animal scales 5   *   1 Jul 2020
        Platform scales - see Table B
    Transfer vehicles (including fitouts) - see Table B Motor vehicles and trailers - Generally
Mortuary assets:
    Embalming machines 10   *   1 Jul 2020
    Embalming/morgue tables 15   *   1 Jul 2020
    Floor coverings - linoleum and vinyl (removable without damage) 15   *   1 Jul 2020
    Hoists and lifting machines 10   *   1 Jul 2020
    Hydro-aspirators 10   *   1 Jul 2020

[21] Heading to Table B

Omit
Table B as at 1 July 2019

Substitute
Table B as at 1 July 2020

[22] Table B, items beginning with A

After

Artworks qualifying as depreciating assets (restricted to works of art and reproductions of artwork that are tangible in nature, such as paintings, sculptures, drawings, engravings and photographs, that are displayed in open viewing areas in premises used for taxable purposes including reception areas, waiting rooms and foyers) 100   *   1 Jul 2013

Insert

Automated external defibrillators (AEDs) 8   *   1 Jul 2020



Dated 12 June 2020

Louise Clarke
Policy, Analysis and Legislation
Law Design and Practice


Registration Number: F2020L00808

Registration Date: 26 June 2020

Effective Life 2020/2 - Explanatory statement