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 version of this ruling.
    This Ruling, which applies from 1 July 2020, replaces TR 2019/5 (see paragraph 5 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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