Effective Life 2005/1


Commonwealth of Australia

This Legislative Instrument has been repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013.

Income Tax Assessment Act 1997

I, BRUCE WILLIAM QUIGLEY, Deputy Chief Tax Counsel, make this Determination under subsection 40-100(1) of the Income Tax Assessment Act 1997.

1 Name of Determination

This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2005 (No. 1).

2 Commencement

This Determination commences on 1 July 2005.

3 Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2001

Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001, as amended by the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 1).

Schedule 1 Amendments

(section 3)

[1] Table A, industry category ACCOMMODATION, CAFES AND BARS, AND RESTAURANTS (57100 to 57402)

Substitute

ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION
ACCOMMODATION, PUBS, TAVERNS AND BARS, CAFES AND RESTAURANTS
(57100 to 57402)
 
Accommodation
(57100)
Accommodation providers using assets not listed here may rely on determinations shown in Table A for Residential Property Operators (77110).  
Accommodation providers who operate a pub, tavern, bar, café, restaurant or club within their premises should use the effective life determinations shown in table A for Pubs, taverns and bars, cafes and restaurants, clubs - hospitality (57200 to 57402) for assets used in that business.  
Audio visual entertainment assets including those used in conference and function rooms (including amplifier, audio speaker, digital disc player, microphone, television, turntable, video projection equipment) 5 * 1 Jul 2005
Carpets 7 * 1 Jul 2005
Door control and motor drive system for automatic sliding doors and revolving doors (incorporating chains, controls, motors and sensors), excluding doors 10 * 1 Jul 2005
Furniture, freestanding:  
    Generally (including guestrooms) 7 * 1 Jul 2005
    Outdoor 5 * 1 Jul 2005
Garage doors, electric (excluding doors):  
    Controls and motors 5 * 1 Jul 2005
Gates, electric (excluding gates):  
    Controls and motors 5 * 1 Jul 2005
Guestroom assets:  
    Bathroom assets:  
        Accessories, freestanding (including sanitary assets, shower caddies, soap holders and toilet brushes) 1 * 1 Jul 2005
        Hair dryers 3 * 1 Jul 2005
        Heated towel rails, electric 5 * 1 Jul 2005
        Scales 5 * 1 Jul 2005
        Spa bath pumps 7 * 1 Jul 2005
        Towels 1 * 1 Jul 2005
    Bedding (including mattress protectors, pillows and sheets) 2 * 1 Jul 2005
    Bed mattresses 7 * 1 Jul 2005
    Beds:
        Generally (including ensembles) 7 * 1 Jul 2005
        Foldout and rollaway beds (excluding sofas) 3 * 1 Jul 2005
    Bed spreads, blankets and quilts 5 * 1 Jul 2005
    Clocks and clock radios 5 * 1 Jul 2005
    Kitchen assets:  
        Bar refrigerators 10 * 1 Jul 2005
        Cooking utensils (including electric jugs, kettles, pans, pots and toasters), excluding portable cook tops and ovens. 2 * 1 Jul 2005
        Crockery and cutlery 4 * 1 Jul 2005
        Glassware 2 * 1 Jul 2005
        Microwave ovens 5 * 1 Jul 2005
    Laundry assets in guestrooms:  
        Clothes dryers 7 * 1 Jul 2005
        Irons and ironing boards 3 * 1 Jul 2005
        Washing machines 7 * 1 Jul 2005
    Window blinds and curtains 6 * 1 Jul 2005
Hot water systems (excluding commercial boilers and piping) 10 * 1 Jul 2005
Housekeeping assets (including bins, buckets, floor signs and toilet brushes) 1 * 1 Jul 2005
Laundry assets used by hotel/motel operators:  
    Dryers 10 * 1 Jul 2005
    Linen bins 15 * 1 Jul 2005
    Pressers 15 * 1 Jul 2005
    Roller irons 20 * 1 Jul 2005
    Washing machines 10 * 1 Jul 2005
Public address and paging system assets (including amplifiers, audio speakers and microphones) 10 * 1 Jul 2005
Sauna heating assets 10 * 1 Jul 2005
Swimming pools and spas:  
    Chlorinators 8 * 1 Jul 2005
    Filtration assets (including pumps) 8 * 1 Jul 2005
    Heaters 10 * 1 Jul 2005
Trolleys 10 * 1 Jul 2005
Vacuum cleaners 3 * 1 Jul 2005
Water pumps used to deliver water to residences above ground level 10 * 1 Jul 2005
 
Pubs, taverns and bars, cafes and restaurants, clubs - hospitality
(57200 to 57402)
Audio visual entertainment assets (including amplifiers, audio speakers, digital disc players, microphones, televisions, turntables and video projection equipment) 5 * 1 Jul 2005
Bars, freestanding (including drink service counters and wet bars) 15 * 1 Jul 2005
Beer dispensing system assets (including, tanks, taps tubes and valves) 15 * 1 Jul 2005
Coffee making machines (including espresso and drip filter type machines) 5 * 1 Jul 2005
Counters for customer service, freestanding 15 * 1 Jul 2005
Dance floor assets, freestanding (including wooden surface, fog and smoke machines, strobe lights and disco balls) 5 * 1 Jul 2005
Dishwasher machines 8 * 1 Jul 2005
Drink blenders 3 * 1 Jul 2005
Drink dispensing machines (including hot water urns, post mix dispensers, refrigerated and frozen drink dispensers and dairy dispensers) excluding beer dispensing systems 10 * 1 Jul 2005
Electronic spirits dispensers 5 * 1 Jul 2005
Floor coverings, removable without damage:  
    Carpet 5 * 1 Jul 2005
    Rubber safety mats 5 * 1 Jul 2005
Food preparation and service assets:  
    Bench top appliances - small portable type (including blenders, food processors, grills, rice cookers and toasters) 3 * 1 Jul 2005
    Cooking appliances, large commercial type (including cook tops, deep fryers, grills, kebab machines, ovens and salamanders) 10 * 1 Jul 2005
    Cookware, handheld (including frypans, pans, pots, trays and woks) 2 * 1 Jul 2005
    Crockery, cutlery and glassware 1 * 1 Jul 2005
    Hot food display assets (including bain marie) 10 * 1 Jul 2005
    Microwave ovens 5 * 1 Jul 2005
    Preparation benches, freestanding 20 * 1 Jul 2005
    Wok burners, large commercial type 8 * 1 Jul 2005
Furniture, freestanding, for customer use:  
    In drinking areas of pubs, bars, clubs 5 * 1 Jul 2005
    In dining areas 8 * 1 Jul 2005
Furniture, not freestanding:  
    Chairs and tables fixed to ground or building 20 * 1 Jul 2005
Glassware 1 * 1 Jul 2005
Glass washer machines 5 * 1 Jul 2005
Kitchen exhaust fans 5 * 1 Jul 2005
Menu boards 5 * 1 Jul 2005

[2] Table A, industry category CULTURAL AND RECREATIONAL SERVICES (91110 to 93302), subcategory Film, video, radio and television services (91110 to 91210)

Substitute

Film, video and radio services
(91110 to 91210)
Audition Units 10 1 Jan 2001
Cinema operation:
    Audio amplification and processing equipment (includes component racks systems) 10  *  1 Jan 2001
    Carpets 5  *  1 Jan 2001
    Cinema automation system 10  *  1 Jan 2001
    Cinema and sound processor 8  *  1 Jan 2001
    Cinema seating (includes frame, seat body and cover) 7  *  1 Jan 2001
    Curtains, wall and acoustic treatments 7  *  1 Jan 2001
    Drive-in plant:
        Sound transmission equipment 10  *  1 Jan 2001
        Listening units (including posts, wiring and speaker equipment) 10  *  1 Jan 2001
        Screens and screen framing 15  *  1 Jan 2001
    Film handling and maintenance equipment (includes splicers, footage counters, spools and reels, stripper plates, rewinders, spinners, trolleys and cleaners) 10  *  1 Jan 2001
    Film transport system (includes platter systems, tower, make-up tables and interlock systems) 15  *  1 Jan 2001
    Lighting (includes dimmers, aisle and seat) 10  *  1 Jan 2001
    Loud speakers and sound reproduction equipment 10  *  1 Jan 2001
    Motion picture and slide projection equipment:
        Motion picture projector 10  *  1 Jan 2001
        Projector heat extraction system 10  *  1 Jan 2001
        Projection port 20  *  1 Jan 2001
        Slide projector 10  *  1 Jan 2001
    Screen installations (includes screens, framing and masking equipment) 8  *  1 Jan 2001
Newsreel Equipment:
    Batteries 13 ⅓ 1 Jan 2001
    Biographs 10 1 Jan 2001
    Cameras (sound) 10 1 Jan 2001
    Electric motors 20 1 Jan 2001
    Film editing equipment 10 1 Jan 2001
    Instruments 13 ⅓ 1 Jan 2001
    Insulated cables 20 1 Jan 2001
    Meters 13 ⅓ 1 Jan 2001
    Microphones 10 1 Jan 2001
    Radio sets and accessories 10 1 Jan 2001
    Sound equipment 10 1 Jan 2001
    Transformers 40 1 Jan 2001
Radio Broadcasting Equipment:
    Computer automated 10 1 Jan 2001
    General plant 6 ⅔ 1 Jan 2001
    Steel Masts 40 1 Jan 2001
Theatre equipment:
    Accessories (theatrical - wigs, costumes, etc) 5 1 Jan 2001
 
Television services
(91220)
Audio boards, consoles and mixers 12 * 1 Jul 2005
Audio delay units 10 * 1 Jul 2005
Audio effects units (including compression units, delay units, graphic equalisers and reverberation units) 12 * 1 Jul 2005
Automated tape library systems (incorporating robotic controls and tape drives) 10 * 1 Jul 2005
Broadcast antennas 20 * 1 Jul 2005
Broadcast interfacing assets (including aspect ratio converters, distribution amplifiers, sync pulse generators, timecode generators and readers and other 'glue' assets) 12 * 1 Jul 2005
Cameras:  
    Portable cameras (including camcorders, electronic field production (EFP) and electronic news gathering (ENG) cameras) 8 * 1 Jul 2005
    Studio cameras 10 * 1 Jul 2005
Camera control units 10 * 1 Jul 2005
Camera lens accessories (including adapters, filters, matte boxes and stabilisers) 12 * 1 Jul 2005
Camera lenses 12 * 1 Jul 2005
Camera mounting heads 15 * 1 Jul 2005
Camera mounts (including cranes, jibs, pedestals and tripods) 25 * 1 Jul 2005
Camera pan tilt and pedestal robotic systems (incorporating integrated hardware and control unit) 12 * 1 Jul 2005
Character and graphics generating assets - standalone (including character generators, paintboxes and stillstores) 10 * 1 Jul 2005
Digital audio players and recorders (including CD players and recorders, DAT players, DVD players and recorders, and Mini-disc players and recorders) 5 * 1 Jul 2005
Digital video effects (DVE) units - standalone 10 * 1 Jul 2005
Edit controllers (used in linear editing and audio post-production) 8 * 1 Jul 2005
Hard disk recorders 5 * 1 Jul 2005
Intercommunication systems 15 * 1 Jul 2005
Lighting:  
    Portable lighting 12 * 1 Jul 2005
    Studio lighting 15 * 1 Jul 2005
Lighting control systems 10 * 1 Jul 2005
Lighting grids - fixed 40 * 1 Jul 2005
Lighting hoists 15 * 1 Jul 2005
    Microphones:  
    Field or boom microphones 5 * 1 Jul 2005
    Miniature or 'lapel' microphones 5 * 1 Jul 2005
    Radio microphone systems (incorporating antennas, miniature microphones, receivers and transmitters) 5 * 1 Jul 2005
    Studio or fixed microphones 10 * 1 Jul 2005
Microphone booms 10 * 1 Jul 2005
Microwave telecommunications assets - see Table A Telecommunications services (71200)
Mobile production vehicles (excluding the assets contained within) - see Table B Motor Vehicles
Monitors:  
    Audio monitors 10 * 1 Jul 2005
    Video monitors:  
        Cathode ray tube ('CRT') monitors 8 * 1 Jul 2005
        LCD and Plasma monitors 5 * 1 Jul 2005
        Virtual monitor wall systems (including rear projection monitor walls) 5 * 1 Jul 2005
Non-linear editing systems (incorporating computer control, interface and hard disk system) 4 * 1 Jul 2005
Presentation automation systems 10 * 1 Jul 2005
Racks 20 * 1 Jul 2005
RF Modulation units 12 * 1 Jul 2005
Routing systems (incorporating control panels, hardware and switchers): 11 * 1 Jul 2005
Satellite telecommunications assets - see Table A Telecommunications services (71200)  
Servers (excluding data servers) 8 * 1 Jul 2005
Signal measurement, monitoring and testing assets (including modulation monitors, RF analysers, test signal generators, vectorscopes and waveform monitors) 12 * 1 Jul 2005
Slow motion controllers 10 * 1 Jul 2005
Switchers (including master control, presentation and production switchers) 10 * 1 Jul 2005
Teleprompters 10 * 1 Jul 2005
Translators 15 * 1 Jul 2005
Transmission towers 40 * 1 Jul 2005
Transmitters 15 * 1 Jul 2005
Transmitting masts (for mobile production vehicles) 10 * 1 Jul 2005
Under monitor and tally display systems 10 * 1 Jul 2005
Videocassette recorders 5 * 1 Jul 2005
Videotape players and recorders 8 * 1 Jul 2005

[3] Table A, industry category PROPERTY AND BUSINESS SERVICES (77110 to 78690), sub-category Residential property operators (77110), items grouped under the heading 'Assets generally:'

After

    Escalators (machinery and moving parts) 20 * 1 Jan 2003

Insert

    Evaporative coolers:  
        Fixed (excluding ducting and vents) 20 * 1 Jul 2005
        Portable 10 * 1 Jul 2005

[4] Table A, industry category PROPERTY AND BUSINESS SERVICES (77110 to 78690), after subcategory Residential property operators (77110)

Insert

Buildings, non residential - renting or leasing
(77120)
Refer to assets shown in Table B that are used in commercial office buildings  

[5] Table A, industry category PROPERTY AND BUSINESS SERVICES (77110 to 78690), sub-category Machinery and equipment hiring and leasing (77410 to 77430)

Omit

If the asset is hired or leased to and used predominantly by a particular industry see the entry under Table A for that industry. Otherwise see Table B.   * 1 Jul 2001

Insert

If the asset is hired or leased to and used predominantly by a particular industry and not listed below see the entry under Table A for that industry.  
Air Compressors:  
    Air hoses 1 * 1 Jul 2005
    Compressors - reciprocating 7 * 1 Jul 2005
    Compressors - rotary screw 10 * 1 Jul 2005
Compaction:  
    Compactors - flat plate 8 * 1 Jul 2005
    Compactors - vertical rammer 6 * 1 Jul 2005
Concreting Assets:  
    Brick/paving saws 5 * 1 Jul 2005
    Concrete demolition saws 3 * 1 Jul 2005
    Concrete kibble buckets 15 * 1 Jul 2005
    Concrete mixers 5 * 1 Jul 2005
    Concrete surface preparation assets (including floor grinders and planers) 5 * 1 Jul 2005
    Concrete trowels (helicopter style) 10 * 1 Jul 2005
    Concrete vibrators - brushcutter style 5 * 1 Jul 2005
    Concrete vibrators - shaft 3 * 1 Jul 2005
    Concrete vibrators - drive unit 6 * 1 Jul 2005
    Concrete wheeled saws 6 * 1 Jul 2005
Generators:  
    Cables 5 * 1 Jul 2005
    Distribution boards 10 * 1 Jul 2005
    Diesel 10 * 1 Jul 2005
    Petrol 5 * 1 Jul 2005
Generator with attached lighting plant 10 * 1 Jul 2005
Power tools:  
    Chainsaws 3 * 1 Jul 2005
    Hand tools - air 5 * 1 Jul 2005
    Hand tools - battery 4 * 1 Jul 2005
    Hand tools - electric 5 * 1 Jul 2005
    Jackhammers - air 7 * 1 Jul 2005
    Jackhammers - electric 3 * 1 Jul 2005
    Nail guns - air 3 * 1 Jul 2005
Welders:  
    Cables and handpieces 5 * 1 Jul 2005
    Diesel 10 * 1 Jul 2005
    Electric 5 * 1 Jul 2005

[6] Table A, industry category RETAIL TRADE (51100 to 53295), before subcategory Food retailing (51211 to 51290)

Substitute

Counters, freestanding (including check-out and service counters) 10 * 1 July 2005
Electronic article surveillance (EAS) system assets (including barcodes or tag deactivators and detachers, door pedestals, electronic tag release assets, receivers and transmitters) 5 * 1 Jul 2005
Floor coverings (removable without damage):  
    Carpet 8 * 1 Jul 2005
    Floating timber 10 * 1 Jul 2005
    Linoleum 10 * 1 Jul 2005
    Vinyl 10 * 1 Jul 2005
Furniture, freestanding (including chairs, cupboards, racks, showcases and tables) 10 * 1 Jul 2005
Hot food display assets (including bain marie) 10 * 1 Jul 2005
Overhead track scales (including meat rail scales) 10 * 1 Jul 2005
Roller shutter electric motors 20 * 1 Jul 2005
Shelving 10 * 1 Jul 2005
Trolleys, customer shopping type 7 * 1 Jul 2005
Trolleys, stock type 10 * 1 Jul 2005
Visual display assets (including body forms, head displayers, mannequins and seasonal decorations) 7 * 1 Jul 2005

[7] Table A, industry category RETAIL TRADE (51110 to 52230), subcategory Personal and household good retailing (52511 to 52597)

Omit

[8] Table A, industry category RETAIL TRADE (51100 to 53295), before subcategory Motor vehicle retailing and services (53110 to 53295)

Insert

Takeaway foods - retailing
(52250)
See Table A, Pubs, taverns and bars, cafes and restaurants, clubs - hospitality (57200 to 57402)  

[9] Table A, industry category TRANSPORT AND STORAGE (61100 to 67090) after subcategory Road transport (61210 to 61232)

Insert

Services to road transport n.e.c.
(66190)
Electronic toll collection assets:  
    Electronic toll collection transponders 4 * 1 Jul 2005
    Digital measuring instruments (including vehicle classifiers (laser or infra-red) and electronic toll collection readers (radio frequency)) 4 * 1 Jul 2005
    Optical character recognition cameras 4 * 1 Jul 2005

[10] Table B, items beginning with B

Omit

Beverage Dispensing Units:
    Refrigerated fruit juice dispensers 10 1 Jan 2001
    Tea and coffee dispensers 6 ⅔ 1 Jan 2001

[11] Table B, items beginning with B

Omit

Boilers 20   1 Jan 2001

Insert

Boilers 20   1 Jul 2005
Boiler pumps 5 * 1 Jul 2005

[12] Table B, items beginning with B

After

Bowser Tanks (underground) 13 ⅓ 1 Jan 2001
Building maintenance units 35 * 1 Jul 2005

[13] Table B, items beginning with C, items grouped under the heading 'Carpets:'

Omit

     In business places, picture theatres, hotels, etc 5 1 Jan 2001
     In professional chambers 10 1 Jan 2001

Insert

    in commercial office buildings 8 * 1 Jul 2005

[14] Table B, items beginning with C

Omit

Cash Registers 6 ⅔ 1 Jan 2001

[15] Table B, items beginning with C

Omit

Coffee Making Machines (espresso) 13 ⅓ 1 Jan 2001

[16] Table B, items beginning with D

After

Docks (floating) 20 1 Jan 2001

Insert

Door control and motor drive system for automatic sliding doors and revolving doors (incorporating chains, controls, motors and sensors), excluding doors 10 * 1 Jul 2005

[17] Table B, items beginning with D

After

Dredges 20  *  1 Jan 2003

Insert

Drink dispensing machines 10 * 1 Jul 2005

[18] Table B, items beginning with F

Omit

Furniture and Fittings 13 ⅓ 1 Jan 2001

Insert

Furniture, freestanding:  
    Bookcases:  
        Timber 15 * 1 Jul 2005
        Metal 20 * 1 Jul 2005
    Cabinets (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type):
        Timber/laminated 15 * 1 Jul 2005
        Metal 20 * 1 Jul 2005
    Chairs 10 * 1 Jul 2005
    Desks 20 * 1 Jul 2005
    Mobile storage units (compactus type) 25 * 1 Jul 2005
    Reception (including lobby chairs, desks, lounges, sofas and tables) 10 * 1 Jul 2005
    Screens 20 * 1 Jul 2005
    Tables:  
        Boardroom 20 * 1 Jul 2005
        General 10 * 1 Jul 2005
    Workstations (including desks and partitions) 20 * 1 Jul 2005

[19] Table B, items beginning with G

Omit

Generators 20 1 Jan 2001

Insert

Generators (excluding emergency or standby generators) 20 1 Jul 2005

[20] Table B, items beginning with H

Omit

Hot Water Installations (on whole installation including boilers and, where installed, pumps) 20 1 Jan 2001

Insert

Hot water installations for commercial office buildings (excluding commercial boilers and piping) 15 * 1 Jul 2005

[21] Table B, items beginning with I

Omit

Imprinters (charge card) 6 ⅔ 1 Jan 2001

[22] Table B, items beginning with L, items grouped under the heading 'Lift:'

Omit

     Scissor 3 1 Jan 2001

[23] Table B, items beginning with L

After

Livestock (working beasts, beasts of burden in business other than Primary Production and Camels) 10 1 Jan 2001

Insert

Loading bay assets:  
    Dock levellers 20 * 1 Jul 2005
    Pallet jacks and pallet trucks 10 * 1 Jul 2005
    Scissor lifts 15 * 1 Jul 2005

[24] Table B, items beginning with M

Omit

Mini-skid steer loaders 5  *  1 Jan 2004

Insert

Mini-skid steer loaders (with a carrying capacity less than or equal to 1100 kg) 5  *  1 Jul 2005

[25] Table B, items beginning with M

Omit

'Music While You Work' System 10 1 Jan 2001

[26] Table B, items beginning with N

Omit

Neon Sign 20 1 Jan 2001

[27] Table B, items beginning with O, items grouped under the heading 'Office machines and equipment:'

After

    Photo copying machines 5  *  1 Jan 2001

Insert

    Shredders 15 * 1 Jul 2005
    Trolleys 15 * 1 Jul 2005
    Whiteboards 10 * 1 Jul 2005

[28] Table B, items beginning with O, items grouped under the heading 'Ovens:'

Omit

     Hotel industry 20 1 Jan 2001

[29] Table B, items beginning with P

Omit

Paging and Address Systems 10 1 Jan 2001

[30] Table B, items beginning with P

Substitute

Partitions (demountable) 20 1 Jul 2005

[31] Table B, items beginning with P

After

Plants:
    Live (indoor) 5 1 Jan 2001
    Simulated 13 ⅓ 1 Jan 2001

Insert

Point of sale assets:  
    Cash registers, standalone type 10 * 1 Jul 2005
    Cash transfer system assets, pneumatic type (including circuit boards, printers, 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

[32] Table B, items beginning with P

After

Powder Coating Machine 6 ⅔ 1 Jan 2001

Insert

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) system:
        Line interactive types 5 * 1 Jul 2005
        On line double conversion types 10 * 1 Jul 2005

[33] Table B, items beginning with P

After

Projectors 10 1 Jan 2001

Insert

Public address and paging system assets (including amplifiers, audio speakers and microphones) 12 * 1 Jul 2005

[34] Table B, items beginning with R

Omit

Refrigerating Plant and Machinery :
    Cold rooms (prefabricated with stressed skin panels) 13 ⅓ 1 Jan 2001
    Condenser pipes 13 ⅓ 1 Jan 2001
    Cork board for insulating cold storage chambers 20 1 Jan 2001
    Expansion pipes 40 1 Jan 2001
    General machinery 13 ⅓ 1 Jan 2001
    Refrigeration (freezing) units (including compressors for shops) 10 1 Jan 2001
Refrigerators 20 1 Jan 2001

Insert

Refrigeration assets:
    Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators) 10 1 Jul 2005
    Ice making machines 8 1 Jul 2005
    Insulation panels used in cool or freezer rooms 40 1 Jul 2005

[35] Table B, items beginning with S, items grouped under the heading 'Security and monitoring assets:'

Omit

    Electronic tags (releases - retail stores) 6 ⅔ 1 Jan 2001

[36] Table B, items beginning with S

Omit

Signs 20 1 Jan 2001

Insert

Signage for business identification (including lighting for signs) 10 1 Jul 2005

[37] Table B, items beginning with S, items grouped under the heading 'Swimming pool assets:'

Omit

    Swimming pools:            
        Above-ground 10     1 Jan 2001
        Concrete 50     1 Jan 2001
        Fibreglass 20     1 Jan 2001

Insert

    Swimming pools(used as plant in a business)::            
        Above-ground 10     1 Jul 2005
        Concrete 50     1 Jul 2005
        Fibreglass 20     1 Jul 2005

[38] Table B, items beginning with T, items grouped under the heading 'Telephone installations:'

After

    Reservation system (data print) 20 1 Jan 2001

Insert

    Telephone hand sets 10 * 1 Jul 2005

[39] Table B, items beginning with W

After

Windmills 20 1 Jan 2001

Insert

Window blinds used in commercial buildings 20 * 1 Jul 2005



3 June 2005

BRUCE WILLIAM QUIGLEY,

Deputy Chief Tax Counsel


Registration Number: F2005L01567

Registration Date: 20 June 2005

Related Explanatory Statements:

Effective Life 2005/1 - Explanatory statement