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    This document has been Withdrawn.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).

P

P
ASSET LIFE
(YEARS)
REVIEWED DATE OF
APPLICATION
Packaging machines:
    Bagging machines (including flow wrappers, form fill and seal machines, and roll wrapping machines) 10     *     1 Jul 2009
    Bag sewers 7     *     1 Jul 2017
    Carton erecting, packing and closing machines (including cartoners) 10     *     1 Jul 2009
    Case erecting, packing and closing machines (including casepackers) 10     *     1 Jul 2009
    Inspection equipment (including checkweighers, metal detectors, counting machines etc) 10     *     1 Jul 2009
    Multihead and singlehead weighers 10     *     1 Jul 2009
    Palletisers and depalletisers 12     *     1 Jul 2009
    Product identification labellers (including decorating, applicators and coding machines) 8     *     1 Jul 2009
    Robotic pick and place packaging machines 10     *     1 Jul 2009
    Wrapping machines (including pallet wrappers, shrink wrappers, stretch wrappers and strapping machines) 10     *     1 Jul 2017
Partitions (demountable) 20     *     1 Jul 2005
Platform scales 15     *     1 Jul 2014
Plumbing fixtures and fittings (including wall and floor tiles) provided mainly for employees and/or children of employees of an entity carrying on a business for the purpose of producing assessable income:
    Floor and wall tiles 20     *     1 Jul 2015
    Generally (including basins, bidets, sinks, toilets, urinals etc) 20     *     1 Jul 2015
    Tapware (including taps, mixers and shower heads and assemblies) 15     *     1 Jul 2015
Pneumatic air tube systems 10     *     1 Jul 2013
Point of sale assets:
    Cash registers, standalone type 10     *     1 Jul 2005
    Cash transfer system assets, pneumatic type (including printer circuit board, transfer pipes and turbines) 10     *     1 Jul 2005
    Generally (including barcode scanners, cash drawers, dedicated computers, electronic funds transfer point of sale (EFTPOS) machines, keyboards, monitors, printers and terminals) 6     *     1 Jul 2005
    Weighing machines and scales (including weigh labelling machines) 10     *     1 Jul 2005
Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (e.g. construction sites) 15     *     1 Jul 2014
Powder coating machines and systems (automatic and manual) 10     *     1 Jul 2014
Power regulation systems (PRS) 5     *     1 Jul 2016
Power supply assets:
    Emergency or standby:
        Generator assets:
            Acoustic hoods and canopies 20     *     1 Jul 2005
            Generators (incorporating attached engine management and generator monitoring instruments) 25     *     1 Jul 2005
            Power management units 15     *     1 Jul 2005
        Uninterruptible power supply (UPS) systems 15     *     1 Jul 2013
    Generators, portable (incorporating attached engine management and generator monitoring instruments):
        Diesel 10     *     1 Jul 2008
        Petrol 5     *     1 Jul 2008
    Private electricity line assets (where used for a specified purpose [58] ):
        Distribution lines:
            Combination of overhead and underground 47 ½     *     1 Jul 2014
            Overhead (incorporating poles - concrete, wood, steel or stobie - and electrical equipment the responsibility of the private landholder such as conductors, cross arms etc) 45     *     1 Jul 2014
            Underground (incorporating cables, fittings and ground pad mounted transformers) 50     *     1 Jul 2014
        Service cables, overhead 40     *     1 Jul 2014
        Service cables, underground 50     *     1 Jul 2014
    Storage batteries 15     *     1 Jul 2013
Power tools:
    Chainsaws (Chain saws) 3     *     1 Jul 2008
    Hand tools:
        Air 5     *     1 Jul 2008
        Battery 3     *     1 Jul 2008
        Electric 5     *     1 Jul 2008
    Jack hammers:
        Air 7     *     1 Jul 2008
        Electric 3     *     1 Jul 2008
    Nail guns - air 3     *     1 Jul 2008
Power transformers 45     *     1 Jan 2002
Public address and paging system assets (including amplifiers, audio speakers and microphones) 12     *     1 Jul 2005


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).