Document ID: chunk:federal_register_of_legislation:F2022C00749:reg:5:p1
Version: federal_register_of_legislation:F2022C00749
Segment Type: reg
Provision Reference: reg 5 (pt 1/202)
Character Range: 4514–14324

5  Definitions – meaning of symbols used in Tables A and B
  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 Income Tax Assessment Act 1997.

Schedule

Table A as at 1 July 2022
Effective lives (Industry categories)

AGRICULTURE, FORESTRY AND FISHING
(01110 to 05290)

ASSET                                                                                                                                                                                                                        LIFE (YEARS)  REVIEWED  DATE OF APPLICATION
All terrain vehicles (ATVs) used in primary production activities                                                                                                                                                            5             *         1 Jul 2007
Environmental control structures (including glasshouses, hothouses, germination rooms, plastic clad tunnels and igloos)                                                                                                      20            *         1 Jul 2006
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:
 General (incorporating anchor assemblies,  intermediate posts, rails, wires, wire mesh and  droppers)                                                                                                                       30            *         1 Jul 2008
 Electric                                                                                                                                                                                                                    20            *         1 Jul 2008
Fence energisers for electric fences:
 Mains power                                                                                                                                                                                                                 10            *         1 Jul 2008
 Portable                                                                                                                                                                                                                    5             *         1 Jul 2008
Fertigation systems:
 Pumps                                                                                                                                                                                                                       3             *         1 Jul 2008
 Tanks                                                                                                                                                                                                                       10            *         1 Jul 2008
Grading and packing line assets used on farm:
 Banana assets:
  Air rams                                                                                                                                                                                                                   3             *         1 Jul 2008
  Bunch lines                                                                                                                                                                                                                10            *         1 Jul 2008
  Choppers/mulchers                                                                                                                                                                                                          8             *         1 Jul 2008
  Rails (including points)                                                                                                                                                                                                   15            *         1 Jul 2008
  Scrap conveyors                                                                                                                                                                                                            5             *         1 Jul 2008
  Tops                                                                                                                                                                                                                       8             *         1 Jul 2008
  Water troughs                                                                                                                                                                                                              10            *         1 Jul 2008
 Coffee assets:
  Dryers                                                                                                                                                                                                                     15            *         1 Jul 2008
  Fermentation tanks                                                                                                                                                                                                         10            *         1 Jul 2008
  Hullers                                                                                                                                                                                                                    12            *         1 Jul 2008
  Processors (including pulpers)                                                                                                                                                                                             10            *         1 Jul 2008
  Washers/separators                                                                                                                                                                                                         10            *         1 Jul 2008
 General assets:
  Bin tippers                                                                                                                                                                                                                15            *         1 Jul 2008
  Conveyors (including elevators)                                                                                                                                                                                            10            *         1 Jul 2008
  Drying tunnels                                                                                                                                                                                                             15            *         1 Jul 2008
  Fungicide units                                                                                                                                                                                                            12            *         1 Jul 2008
  Receival hoppers (including water dumps)                                                                                                                                                                                   15            *         1 Jul 2008
  Tables (including packing and sorting tables)                                                                                                                                                                              15            *         1 Jul 2008
      Washing assets (including brush and barrel washers)                                                                                                                                                                    10            *         1 Jul 2008
  Waxing assets                                                                                                                                                                                                              12            *         1 Jul 2008
 Graders:
  Electronic                                                                                                                                                                                                                 10            *         1 Jul 2008
  Mechanical                                                                                                                                                                                                                 15            *         1 Jul 2008
  Optical                                                                                                                                                                                                                    8             *         1 Jul 2008
 Labelling assets:
      Labelling applicators (including in line labellers)                                                                                                                                                                    8             *         1 Jul 2008
  Labelling guns                                                                                                                                                                                                             3             *         1 Jul 2008
 Olive oil processing assets – see Table A Oil and  fat manufacturing (11500)
 Packing assets (including bagging and wrapping