Taxation Ruling

TR 2020/3

Income tax: effective life of depreciating assets (applicable from 1 July 2020)

  • 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    This document has been Withdrawn.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 2020, replaces TR 2019/5 (see paragraph 5 of this Ruling for further details).

Arts and recreation services - (89100 to 92099)

ARTS AND RECREATION SERVICES
(89100 to 92099)
Heritage activities
(89100 to 89220)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Museum displays in aircraft/war museums 100 1 Jan 2001
Parks and gardens:
    Lion parks:
        Animal cages and sheds 20 1 Jan 2001
        Animal huts 10 1 Jan 2001
    Planetarium domes 33 ⅓ 1 Jan 2001
    Sea life centres:
        Fibreglass aquarium tanks 20 1 Jan 2001
        Ketches 13 ⅓ 1 Jan 2001
        TV audio systems 10 1 Jan 2001
Creative and performing arts activities
(90010 to 90030)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Theatre equipment:
    Accessories (theatrical - wigs, costumes etc) 5 1 Jan 2001
Performing dogs - see Table B Working dogs
Health and fitness centres and gymnasia operation
(91110)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Health and fitness centre operation assets:
    Cardiovascular training machines:
        Cross trainers, steppers and treadmills 4     *     1 Jul 2012
        Exercise bicycles (including spin bicycles, upright and recumbent bicycles) 4     *     1 Jul 2012
        Rowing machines 5     *     1 Jul 2012
    Free weight training assets:
        Barbells, dumbbells, kettle bells, weight plates and storage racks 6     *     1 Jul 2012
        Benches (including abdominal crunch, adjustable, declined, inclined and flat benches) 8     *     1 Jul 2012
    Resistance training machines (including abdomen, arm, back, chest, hip, leg, shoulder and multiple training machines) 8     *     1 Jul 2012
    Support assets:
        Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players and television sets) 4     *     1 Jul 2012
        Fans (including wall mounted) 5     *     1 Jul 2012
        Lockers 8     *     1 Jul 2012
        Platform scales 5     *     1 Jul 2012
Sport and recreation services
(91121 to 91390)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Amusement machines and equipment:
    Coin-operated amusement machines:
        Children's rides 5     *     1 Jul 2001
        Convertible video games/simulators (cabinet) 5 ½     *     1 Jul 2001
        Dedicated video games/simulators 3 ½     *     1 Jul 2001
        Interchangeable video game kits 1     *     1 Jul 2001
        Juke boxes (CD) 10     *     1 Jul 2001
        Photo-image machines 3 ½     *     1 Jul 2001
        Pinball machines 3 ½     *     1 Jul 2001
        Pool/billiard tables 10     *     1 Jul 2001
        Redemption games (prizes/tickets) 5 ½     *     1 Jul 2001
        Table games (including air hockey, soccer etc) 5 ½     *     1 Jul 2001
    Billiard tables 40 1 Jan 2001
    Rides and devices (fixed or mobile):
        Chair-o-planes 15     *     1 Jan 2002
        Children's indoor soft playgrounds 5     *     1 Jan 2002
        Children's rides (designed for the carriage of children less than 8 years old) 15     *     1 Jan 2002
        Ferris wheels 25     *     1 Jan 2002
        Free falls (including giant drop and tower of terror) 25     *     1 Jan 2002
        Inflatables (including jumping castles) 5     *     1 Jan 2002
        Overhead transit devices (including chair lifts and cabin lifts) 25     *     1 Jan 2002
        Roller coasters:
            Non-powered (including corkscrew loop, looping coasters and mini roller coasters - wild cat, madmouse) 25     *     1 Jan 2002
            Powered (including tornado) 15     *     1 Jan 2002
        Round rides with or without additional motions (including merry-go-rounds) 15     *     1 Jan 2002
        Self-drive non-powered gravity rides (including toboggans and bob-sleds):
            Track 20     *     1 Jan 2002
            Vehicle 5     *     1 Jan 2002
        Self-drive powered rides (including dodgems and go-karts):
            Track 15     *     1 Jan 2002
            Vehicle 5     *     1 Jan 2002
        Simulators 10     *     1 Jan 2002
        Swinging rides (including pirate ship, spaceloop, and rainbow) 15     *     1 Jan 2002
        Trains, tracked or trackless (including tractor trains and miniature railways) 10     *     1 Jan 2002
        Water rides 20     *     1 Jan 2002
        Water slides (gravity powered) 20     *     1 Jan 2002
Bowling centres (plant and equipment):
    Bowling alleys (timber - including ball return tracks, gutters, pit signals and terminals) 13 ⅓ 1 Jan 2001
    Bowling balls 5 1 Jan 2001
    Carpets 4 1 Jan 2001
    Masking units 10 1 Jan 2001
    Pin setters and pin spotters 10 1 Jan 2001
    Other equipment 13 ⅓ 1 Jan 2001
Golf courses (miniature):
    Carpets on stairways 3 1 Jan 2001
    Lighting plant, electric motors, moving parts 20 1 Jan 2001
    Lighting standards 40 1 Jan 2001
Marina operation:
    Boat cradles 10     *     1 Jul 2002
    Boat storage racks 10     *     1 Jul 2002
    Forklifts 11     *     1 Jul 2002
    Marina - wet berths (incorporating piling, decking and floating pontoons) 20     *     1 Jul 2002
    Mooring buoys 10     *     1 Jul 2002
    Travel lifts 15     *     1 Jul 2002
Racehorses 10 1 Jan 2001
Racing cars 2 1 Jan 2001
Shuffle boards 10 1 Jan 2001
Skating rink plant:
    Fittings (open air) 20 1 Jan 2001
    General freezing plant and equipment 13 ⅓ 1 Jan 2001
    Hired ice skating boots 5 1 Jan 2001
    Roller skates 5 1 Jan 2001
    Surface (synthetic panels) 10 1 Jan 2001
Ski equipment (skis, boots and stocks for hiring to public) 3 1 Jan 2001
Ski maintenance machines 13 ⅓ 1 Jan 2001
Space theatre domes 33 ⅓ 1 Jan 2001
Tennis court surfaces:
    Bitumen 20 1 Jan 2001
    Plexipave 20 1 Jan 2001
    Synthetic lawn 10 1 Jan 2001
Trampolines 10 1 Jan 2001
Gambling activities
(92010 to 92099)
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Poker/gaming machines 7     *     1 Jul 2009
Totalisators:
    Computer equipment 10 1 Jan 2001
    Ancillary equipment (eg ticket issuing machines) 13 ⅓ 1 Jan 2001


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