Effective Life 2001/2
Commonwealth of Australia
Income Tax Assessment Act 1997
I, DEIDRE FAY GERATHY, First Assistant Commissioner, Law Integrity Team, delegate of the Commissioner of Taxation, make this Determination under subsection 42-110(1) of the Income Tax Assessment Act 1997.1 Name of Determination
This Determination is the Income Tax (Effective Life of Plant) Amendment Determination 2001 (No. 1).
2 Commencement
This Determination commences on 1 July 2001.
3 Amendment of Income Tax (Effective Life of Plant) Determination 2000
Schedule 1 amends the Income Tax (Effective Life of Plant) Determination 2000.
Schedule 1 Amendments
(section 3)
[1] Table A, industry category Agriculture, Forestry and Fishing (01110 to 04203), sub-category Agriculture (01110 to 02200)
omit
| Grain (iron) | 33⅓ | 1 Jan 2001 | |
| Other | 33⅓ | 1 Jan 2001 |
insert
| Grain (metal) | 30 | 1 Jul 2001 |
[2] Table A, industry category Cultural and Recreational Services (91110 to 93302), sub-category Sport, Gambling and Other Recreation Services (93111 to 93302)
omit
| Eight Ball table (coin operated pool tables) | 10 | 1 Jan 2001 |
insert
| Coin-operated amusement machines: | |||
| Children's rides | 5 | 1 Jul 2001 | |
| Convertible video game/simulator (cabinet) | 5 ½ | 1 Jul 2001 | |
| Dedicated video game/simulator | 3½ | 1 Jul 2001 | |
| Interchangeable video game kit | 1 | 1 Jul 2001 | |
| Juke box (compact disc) | 10 | 1 Jul 2001 | |
| Photo-image machines | 3½ | 1 Jul 2001 | |
| Pinball machines | 3½ | 1 Jul 2001 | |
| Pool/Billiard tables | 10 | 1 Jul 2001 | |
| Redemption games (prizes/tickets) | 5½ | 1 Jul 2001 | |
| Table games (including air hockey, soccer, etc) | 5½ | 1 Jul 2001 |
[3] Table A, industry category Cultural and Recreational Services (91110 to 93302), sub-category Sport, Gambling and Other Recreation Services (93111 to 93302)
omit
| Slot machines | 5 | 1 Jan 2001 | |
[4] Table A, industry category Cultural and Recreation Services (91110 to 93302), sub-category Sport, Gambling and Other Recreation Services (93111 to 93302)
omit
| Juke Boxes | 10 | 1 Jan 2001 |
[5] Table A, industry category Electricity, Gas and Water Supply (36100 to 37020), sub-category Electricity and gas supply (36100 to 36200)
omit
| Lightning arresters | 50 | 1 Jan 2001 |
[6] Table A, industry category Electricity, Gas and Water Supply (36100 to 37020), sub-category Electricity and gas supply (36100 to 36200)
omit
| Storage batteries | 13⅓ | 1 Jan 2001 | |
| Switchboards | 20 | 1 Jan 2001 |
[7] Table A, industry category Mining (11010 to 15200), sub-category Coal Mining and Metal Ore Mining (11010 to 110202) and (13110 to 13190)
after
| Mine cars | 10 | 1 Jan 2001 |
insert
| Mudlakes | 10 | 1 Jan 2001 |
[8] Table A, industry category Mining (11010 to 15200), sub-category Oil and Gas Extraction (12000)
omit
| Mudlakes | 10 | 1 Jan 2001 |
[9] Table A, industry category Personal and Other Services (95110 to 97000)
after
| PERSONAL AND OTHER SERVICES (95110 to 97000) |
insert
| Personal and other goods hiring (95110 to 95190) | |||
| Generally: | |||
| If the asset is hired and used predominantly by a particular industry, see the entry in Table A for that industry. Otherwise, see Table B. | 1 Jul 2001 | ||
| Other personal services (95710 to 95291) | |||
[10] Table A, industry category Property and Business Services (77110 to 78690)
after
| PROPERTY AND BUSINESS SERVICES (77110 to 78690) |
insert
| Machinery and Equipment Hiring and Leasing (77410 to 77430) | |||
| Generally: | |||
| If the asset is hired, or leased to, and used predominantly by a particular industry, see the entry in Table A for that industry. Otherwise, see Table B. | 1 Jul 2001 | ||
| Technical Services (78210 to 78290) | |||
[11] Table B, items beginning with A
after
| Art Works | 100 | 1 Jan 2001 |
insert
| Automatic Teller Machine | 8 | 1 Jul 2001 |
[12] Table B, items beginning with B
after
| B |
insert
| Batteries (Storage) | 13⅓ | 1 Jan 2001 |
[13] Table B, items beginning with G
omit
| Generators (steam, electric) | 20 | 1 Jan 2001 |
insert
| Generators | 20 | 1 Jan 2001 |
[14] Table B, items beginning with L
after
| Lighting System (fluorescent) | 20 | 1 Jan 2001 |
insert
| Lightning arresters | 50 | 1 Jan 2001 |
[15] Table B, items beginning with S
after
| Other equipment | 13⅓ | 1 Jan 2001 |
insert
| Switchboards | 20 | 1 Jan 2001 |
[16] Table B, items beginning with T
omit
| Traction Engines (oil or wood fuel) | 10 | 1 Jan 2001 |
[17] Table B, items beginning with V
omit
| Video: | |||
| Game machines | 5 | 1 Jan 2001 | |
| Video juke boxes | 6⅔ | 1 Jan 2001 | |
| Other | 10 | 1 Jan 2001 |
insert
| Vending Machine | 5 | 1 Jul 2001 |
1 July 2001
DEIDRE FAY GERATHY,
First Assistant Commissioner,
Law Integrity Team,
Delegate of the Commissioner of Taxation,
First Assistant Commissioner, Law Integrity Team