Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022
Reference: LI 2022/26
Document type: Legislative Instrument
Enabling act: Income Tax Assessment Act 1997
Date of issue: 10 June 2022
Signatory: Ben Kelly Deputy Commissioner of Taxation Policy, Analysis and Legislation Law Design and Practice
Registration number: F2022L00823
Registration date: 24 June 2022


1. Name of instrument: This determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022. | 2. Commencement: This instrument commences on 1 July 2022. | 3. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2015: Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2015 - F2015L00798 registered on 11 June 2015. | 4. Determination: The amendments in this determination may affect: (1) taxpayers who choose, under paragraph 40-95(1)(a) of the ITAA 1997, to use an effective life determined by the Commissioner for a depreciating asset when working out its decline in value, and (2) taxpayers who are directed, under subsections 40-95(4C),40-95(5C), 40-95(6), 58-75(5) and 58-80(6) of the ITAA 1997, to use an effective life determined by the Commissioner. (1) taxpayers who choose, under paragraph 40-95(1)(a) of the ITAA 1997, to use an effective life determined by the Commissioner for a depreciating asset when working out its decline in value, and (2) taxpayers who are directed, under subsections 40-95(4C),40-95(5C), 40-95(6), 58-75(5) and 58-80(6) of the ITAA 1997, to use an effective life determined by the Commissioner. | 5. Definitions: An asterisk (*) in the third column of Tables A and B indicates the corresponding assets have been reviewed to date as part of the ongoing review of the Commissioner's effective life determinations. A hash (#) in the third column of Table A or B indicates a capped life is available for the depreciating assets under section 40-102 of the ITAA 1997. (section 3) [1] Heading to Table A Omit Table A as at 1 July 2022 Substitute Table A as at 1 July 2022 [2] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290) Omit Fences (excluding stockyard, pen and portable fences): Being fencing constructed at a time for a particular function (eg a line of fencing forming a side of a boundary or paddock) not being in the nature of a repair: Substitute Fences (excluding stockyard, pen and portable fences): Being fencing constructed at a time for a particular function (e.g. a line of fencing forming a side of a boundary or paddock) not being in the nature of a repair: [3] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290) , sub-category Vegetable growing (outdoors) and sugar cane growing (01230 and 01510) Omit Rakes (eg cane trash rakes) 10 * 1 Jul 2007 Substitute Rakes (e.g. cane trash rakes) 10 * 1 Jul 2007 [4] Table A, industry category AGRICULTURE, FORESTRY AND FISHING (01110 to 05290) , sub-category Fruit and tree nut growing (01310 to 01370, 01390 and 01590) Omit Pick ups (eg almonds) 12 *# 1 Jul 2007 Substitute Pick ups (e.g. almonds) 12 *# 1 Jul 2007 [5] Table A, industry category MINING (06000 to 10900) , sub-category Oil and gas extraction (07000) Gas compression and reinjection assets Omit Generally (including piping, skid, vessels assets used onshore) 30 *# 1 Jul 2002 Substitute Generally (including piping, skid, vessels and assets used onshore) 30 *# 1 Jul 2002 [6] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Prepared animal and bird feed manufacturing (11920) Omit Canning and tray assets including closers and fillers 10 * 1 Jul 2013 Substitute Canning and tray assets (including closers and fillers) 10 * 1 Jul 2013 [7] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Prepared animal and bird feed manufacturing (11920) , Prepared animal and bird feed manufacturing assets generally After Storage bins 20 * 1 Jul 2012 Insert Salt manufacturing and refining assets - see Table A Basic inorganic chemical manufacturing (18130) [8] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Other food product manufacturing n.e.c. (11990) , Peanut processing assets After Refrigeration units 20 * 1 Jul 2009 Insert Salt manufacturing and refining assets - see Table A Basic inorganic chemical manufacturing (18130) [9] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Clothing manufacturing (13510) Omit Clothing manufacturing (13510) ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Clothing and millinery manufacturing plant: General plant 20 1 Jan 2001 Hat manufacturing plant and machinery 13 ⅓ 1 Jan 2001 Sewing machines 10 * 1 Jul 2014 Substitute Clothing manufacturing (13510) ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Air compressors 10 * 1 Jul 2022 Cutting machines and tables 20 * 1 Jul 2022 Dyeing machines 10 * 1 Jul 2022 Fusing machines and presses 8 * 1 Jul 2022 Gas boilers (steam) 15 * 1 Jul 2022 Hat pressing machines 20 * 1 Jul 2022 Lights - portable 5 * 1 Jul 2022 Plotters and printers 8 * 1 Jul 2022 Pressing equipment (including ironing tables and steam boilers) 10 * 1 Jul 2022 Sewing machines: Banding 15 * 1 Jul 2022 Button sewer, clip attaching 5 * 1 Jul 2022 Embroidery - single and multi-head 12 * 1 Jul 2022 General (including bar tack, binding, feed off the arm, single folder, two-needle, underwire) 10 * 1 Jul 2022 High speed industrial 10 * 1 Jul 2022 Millinery 20 * 1 Jul 2022 Overlocker 15 * 1 Jul 2022 Steamers 2 * 1 Jul 2022 Stud setting machines 20 * 1 Jul 2022 [10] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Footwear manufacturing (13520) Omit Footwear manufacturing (13520) Substitute Footwear manufacturing (13520) [11] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Basic inorganic chemical manufacturing (18130) Omit Salt manufacturing and refining plant 10 1 Jan 2001 Substitute Salt manufacturing and refining assets: Air compressors - see Table B Air compression assets: Air compression assets generally (including air compressors, air dryers and air receivers) Augers 10 * 1 Jul 2022 Automated packing machines 20 * 1 Jul 2022 Bagging machines 10 * 1 Jul 2022 Bag sewers - see Table B Packaging machines: Bag sewers Bag stackers 15 * 1 Jul 2022 Belt weighers 15 * 1 Jul 2022 Blow moulders 15 * 1 Jul 2022 Bucket elevators 10 * 1 Jul 2022 Centrifuges 12 * 1 Jul 2022 Conveyors 15 * 1 Jul 2022 Crushers 25 * 1 Jul 2022 Cyclones 15 * 1 Jul 2022 Dust extraction systems 5 * 1 Jul 2022 Forklifts - see Table B Forklifts Kilns 20 * 1 Jul 2022 Labelling machines (including date printers) 5 * 1 Jul 2022 Metal detectors 10 * 1 Jul 2022 Motor control centres 20 * 1 Jul 2022 Net weighers 5 * 1 Jul 2022 Pallet wrappers - see Table B Packaging machines: Wrapping machines (including pallet wrappers, shrink wrappers, stretch wrappers and strapping machines) Platform scales 10 * 1 Jul 2022 Ribbon mixers 15 * 1 Jul 2022 Roller mills 15 * 1 Jul 2022 Rotary valves 15 * 1 Jul 2022 Salt flake growing tanks 15 * 1 Jul 2022 Salt hoppers 15 * 1 Jul 2022 Sizing screen machines 15 * 1 Jul 2022 Slurry lines 10 * 1 Jul 2022 Wash plant pumps 15 * 1 Jul 2022 Wash plants (removable) 20 * 1 Jul 2022 Weigh feeders 10 * 1 Jul 2022 [12] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Iron smelting and steel manufacturing (21100) Omit CCTV system 3 * 1 Jul 2010 Substitute CCTV systems 3 * 1 Jul 2010 [13] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Non-ferrous metal casting (21410) Omit Metal casting assets (non-ferrous eg aluminium, brass and magnesium): Substitute Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium): [14] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Motor vehicle manufacturing (23110) Motor vehicle manufacturing plant (not listed elsewhere) Omit Tooling (ie jigs, dies, press tools and specialty attachments such as working heads and work-holding tools) 3 1 Jan 2001 Substitute Tooling (i.e. jigs, dies, press tools and specialty attachments such as working heads and work-holding tools) 3 1 Jan 2001 [15] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Other transport equipment manufacturing n.e.c. (23990) Omit Motor cycle building plant 10 1 Jan 2001 Substitute Motorcycle building plant 10 1 Jan 2001 [16] Table A, industry category MANUFACTURING (11110 to 25990) , sub-category Wooden furniture and upholstered seat manufacturing (25110) Omit Wooden furniture and upholstered seat manufacturing (25110) ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Furniture-making plant 13 ⅓ 1 Jan 2001 Substitute Wooden furniture and upholstered seat manufacturing (25110) ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Dust management assets: Portable dust extractors 5 * 1 Jul 2022 Portable wet and dry vacuum cleaners 5 * 1 Jul 2022 Stationary dust collection systems (incorporating bags, motors, pipes etc) 12 * 1 Jul 2022 Spray booth assets: Full face air fed masks 3 * 1 Jul 2022 Paint pumps 5 * 1 Jul 2022 Spray booths 15 * 1 Jul 2022 Spray guns 3 * 1 Jul 2022 Support assets: Air compression assets - see Table B Air compression assets Air compressors (portable) - see Table B Air compressors (portable) Forklifts - see Table B Forklifts Racks 15 * 1 Jul 2022 Trolleys (carts) 10 * 1 Jul 2022 Vacuum lifters 5 * 1 Jul 2022 Work benches and tables 10 * 1 Jul 2022 Tools: Benchtop power tools (including biscuit/domino joiners, drill presses, jigsaws, laminate trimmers, mortisers, planners, routers, spindle sanders etc but excluding saws) 5 * 1 Jul 2022 Clamps 10 * 1 Jul 2022 Hand held power tools (including air, battery, and electric) - see Table B Power tools, hand tools Hand tools (manual operated) - see Table B Hand tools (manual operated) Sawing machines: Band saws 8 * 1 Jul 2022 Circular saws 8 * 1 Jul 2022 Mitre saws (drop saws) 7 * 1 Jul 2022 Panel saws 8 * 1 Jul 2022 Table saws 10 * 1 Jul 2022 Stationary machines: Computer numerical control (CNC) machines (including CNC routers) 10 * 1 Jul 2022 Edge banders 8 * 1 Jul 2022 Pedestal drills (drill presses) 10 * 1 Jul 2022 Sanders (including belt sanders, drum sanders, edge sanders, spindle sanders etc) 12 * 1 Jul 2022 Spindle moulders 10 * 1 Jul 2022 Thicknessers/Buzzers 15 * 1 Jul 2022 Upholstery assets: CNC fabric cutters 10 * 1 Jul 2022 Hand fabric cutters 5 * 1 Jul 2022 Sewing machines 10 * 1 Jul 2022 [17] Table A, industry category RETAIL TRADE (39110 to 43209) After Overhead track scales (including meat rail scales) 10 * 1 Jul 2005 Insert Plastic safety screens (including sneeze guards) 2 * 1 Jul 2022 [18] Table A, industry category RETAIL TRADE (39110 to 43209) , sub-category Motor vehicle tyre or tube retailing (39220) Omit Air receivers 10 * 1 Jul 2011 Air driers and dehumidifiers 10 * 1 Jul 2011 Substitute Air driers and dehumidifiers 10 * 1 Jul 2011 Air receivers 10 * 1 Jul 2011 [19] Table A, industry category ACCOMMODATION AND FOOD SERVICES (44000 to 45302) , sub-category Cafes, restaurants, takeaway food services, pubs, taverns, bars and clubs (hospitality) (45110 to 45302) Omit Menu boards 5 * 1 Jul 2005 Poker/gaming machines 7 * 1 Jul 2009 Substitute Menu boards 5 * 1 Jul 2005 Plastic safety screens (including sneeze guards) 2 * 1 Jul 2022 Poker/gaming assets - see Table A Casino operations (92010) [20] Table A, industry category TRANSPORT, POSTAL AND WAREHOUSING (46100 to 53090) , sub-category Road transport (46100 to 46239) Omit Hire cars: Cars used to provide basic service ride-sourcing, ride-hailing or ride-sharing services (eg uberX) 8 * 1 Jul 2016 Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services eg UberBLACK) 6 * 1 Jul 2016 Substitute Hire cars: Cars used to provide basic service ride-sourcing, ride-hailing or ride-sharing services (e.g. uberX) 8 * 1 Jul 2016 Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services e.g. UberBLACK) 6 * 1 Jul 2016 [21] Table A, industry category INFORMATION MEDIA AND TELECOMMUNICATIONS (54110 to 60200) , sub-category Telecommunications services (58010 to 58090) Omit Microwave radio system (including modulator, demodulator, receiver, transmitter, monitoring/supervisory system, RF filter) Substitute Microwave radio system (including modulator, demodulator, receiver, transmitter, monitoring/supervisory system, RF filter): [22] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES (66110 to 67200) , sub-category Rental and hiring services (except real estate) (66110 to 66400) Omit Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) 10 * 1 Jul 2014 Substitute Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (e.g. construction sites) 10 * 1 Jul 2014 [23] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES (66110 to 67200) , sub-category Residential property operators (67110) , Outdoor assets Omit Roller blinds Substitute Roller blinds: [24] Table A, industry category RENTAL, HIRING AND REAL ESTATE SERVICES (66110 to 67200) , sub-category Residential property operators (67110) , Security and monitoring assets, Security systems Omit Global System for Mobiles (GSM) Units 5 * 1 Jul 2004 Substitute Global System for Mobiles (GSM) units 5 * 1 Jul 2004 [25] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900) , sub-category Retirement village and accommodation for the aged operation (86011 to 86012) Omit Chairs Substitute Chairs: [26] Table A, industry category HEALTH CARE AND SOCIAL ASSISTANCE (84010 to 87900) , sub-category Retirement village and accommodation for the aged operation (86011 to 86012) Omit Hoists Ceiling (incorporating tracks) 12 * 1 Jul 2019 Mobile (floor, full, standing) 10 * 1 Jul 2019 Lifting slings 2 * 1 Jul 2019 Mattresses Substitute Hoists: Ceiling (incorporating tracks) 12 * 1 Jul 2019 Mobile (floor, full, standing) 10 * 1 Jul 2019 Lifting slings 2 * 1 Jul 2019 Mattresses: [27] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099) , sub-category Creative and performing arts activities (90010 to 90030) Omit Theatre equipment: Accessories (theatrical - wigs, costumes etc) 5 1 Jan 2001 Performing dogs - see Table B Working dogs Substitute Performing dogs - see Table B Working dogs Theatre equipment: Accessories (theatrical - wigs, costumes etc) 5 1 Jan 2001 [28] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099) , sub-category Gambling activities (92010 to 92099) Omit Poker/gaming machines 7 * 1 Jul 2009 Substitute Poker/gaming assets - see Table A Casino operations (92010) [29] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099) , sub-category Gambling activities (92010 to 92099) Omit Ancillary equipment (eg ticket issuing machines) 13 ⅓ 1 Jan 2001 Substitute Ancillary equipment (e.g. ticket issuing machines) 13 ⅓ 1 Jan 2001 [30] Table A, industry category ARTS AND RECREATION SERVICES (89100 to 92099) , after sub-category Gambling activities (92010 to 92099) Insert Casino operations (92010) ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Carpets 8 * 1 Jul 2022 Count and cage assets: Coin scales 10 * 1 Jul 2022 Counterfeit detectors 8 * 1 Jul 2022 Note counters/sorters/verifiers 6 * 1 Jul 2022 Trolleys 10 * 1 Jul 2022 Electronic table games (including keno games, poker games, rapid games) 6 * 1 Jul 2022 Entertainment assets: Audio (including amplifiers, microphones, speakers, processors) 5 * 1 Jul 2022 Visual (including televisions, DVD players) 5 * 1 Jul 2022 Gaming signage (including digital displays, jackpot displays, LED/LCD video walls and partitions) 5 * 1 Jul 2022 Gaming stools and chairs 5 * 1 Jul 2022 Gaming tables (including blackjack, poker, roulette) 7 * 1 Jul 2022 Poker/gaming machines 6 * 1 Jul 2022 Poker/gaming machines system hardware (used for monitoring) 6 * 1 Jul 2022 Security and monitoring assets - see Table B Security and monitoring assets Table game equipment: Big wheels 7 * 1 Jul 2022 Card shufflers 5 * 1 Jul 2022 Chippers 5 * 1 Jul 2022 Chips and plaques 10 * 1 Jul 2022 Dealer handset devices 5 * 1 Jul 2022 Display screens 5 * 1 Jul 2022 Roulette wheels 7 * 1 Jul 2022 Shoes (electronic type) 5 * 1 Jul 2022 [31] Heading to Table B Omit Table B as at 1 July 2021 Substitute Table B as at 1 July 2022 [32] Table B, items beginning with A Omit Other accommodation units (eg manufactured homes) 30 * 1 Jul 2015 Substitute Other accommodation units (e.g. manufactured homes) 30 * 1 Jul 2015 [33] Table B, items beginning with E After ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION Insert Electric bicycles (e-bicycles and e-bikes) 4 * 1 July 2022 Electric scooters (e-scooters) 2 * 1 July 2022 [34] Table B, items beginning with M Omit Hire cars: Cars used to provide basic service ride-sourcing, ride-hailing or ride-sharing services (eg uberX) 8 * 1 Jul 2016 Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services eg UberBLACK) 6 * 1 Jul 2016 Substitute Hire cars: Cars used to provide basic service ride-sourcing, ride-hailing or ride-sharing services (e.g. uberX) 8 * 1 Jul 2016 Generally (including cars used to provide premium service ride-sourcing, ride-hailing or ride-sharing services e.g. UberBLACK) 6 * 1 Jul 2016 [35] Table B, items beginning with P After Partitions (demountable) 20 * 1 Jul 2005 Insert Plastic safety screens (including sneeze guards) 2 * 1 July 2022 [36] Table B, items beginning with P Omit Portable structures (sheds, site office trailers, portable toilets and washrooms etc) used for a temporary period in offsite locations (eg construction sites) 15 * 1 Jul 2014 Substitute 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