Taxation Ruling
TR 2013/4
TR 2013/4 - Income tax: effective life of depreciating assets (applicable from 1 July 2013)
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TR 2013/4 - Effective lives (Industry Categories)
Table A as at 1 July 2013 - MINING
MINING
( 06000 to 10900 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Crushing and milling assets: | |||
Crushers: | |||
Cone and gyratory | 25 | * | 1 Jul 2003 |
Feeder breaker | 20 | * | 1 Jul 2003 |
Generally | 25 | * | 1 Jul 2003 |
Impact and rotary | 20 | * | 1 Jul 2003 |
Jaw | 25 | * | 1 Jul 2003 |
Roller (including roll sizers) | 20 | * | 1 Jul 2003 |
Grinding mills: | |||
Ball and rod | 25 | * | 1 Jul 2003 |
Generally | 25 | * | 1 Jul 2003 |
Hammer | 15 | * | 1 Jul 2003 |
SAG (autogenous) | 25 | * | 1 Jul 2003 |
Hydrometallurgy and Pyrometallurgy assets: | |||
Adsorption process assets | 20 | * | 1 Jul 2003 |
Agglomeration (pelletizing) assets | 25 | * | 1 Jul 2003 |
Calcination process assets (including kilns) | 25 | * | 1 Jul 2003 |
Casting process assets for casting billets or ingots | 30 | * | 1 Jul 2003 |
Converting process assets (including rotatable cylindrical furnaces) | 30 | * | 1 Jul 2003 |
Cooling process assets (including cooling towers) | 25 | * | 1 Jul 2003 |
Counter current decantation (CCD) process assets | 20 | * | 1 Jul 2003 |
Drying process assets (including rotary dryers, spray dryers and indirect heat exchanger dryers) | 25 | * | 1 Jul 2003 |
Electrolysis process assets (including electrowinning process and electro refining process assets including tanks) | 20 | * | 1 Jul 2003 |
Filtration process assets | 15 | * | 1 Jul 2003 |
Gas cleaning process assets (including electrostatic precipitators and baghouses) | 20 | * | 1 Jul 2003 |
Gas recovery process assets (including stripping and absorption assets) | 25 | * | 1 Jul 2003 |
Ion exchange process assets | 15 | * | 1 Jul 2003 |
Leaching process assets: | |||
Atmospheric | 15 | * | 1 Jul 2003 |
Generally | 25 | * | 1 Jul 2003 |
Pressure | 25 | * | 1 Jul 2003 |
Neutralisation process assets | 20 | * | 1 Jul 2003 |
Pots and ladles used for molten materials | 30 | * | 1 Jul 2003 |
Precipitation process assets (including tanks and agitators) | 20 | * | 1 Jul 2003 |
Pressure vessels | 30 | * | 1 Jul 2003 |
Roasting process assets (including kilns and furnaces) | 30 | * | 1 Jul 2003 |
Sintering process assets (including continuous sintering machines) | 30 | * | 1 Jul 2003 |
Smelting process assets (including furnaces) | 25 | * | 1 Jul 2003 |
Solution treatment and metal recovery assets | 20 | * | 1 Jul 2003 |
Solvent extraction process assets (including mixer-settler units) | 20 | * | 1 Jul 2003 |
Tailings stills | 20 | * | 1 Jul 2003 |
Infrastructure support assets: | |||
Compressors | 15 | * | 1 Jul 2003 |
Control systems and communication systems assets: | |||
Generally | 10 | * | 1 Jul 2003 |
Instruments | 10 | * | 1 Jul 2003 |
Towers or other supporting structures | 30 | * | 1 Jul 2003 |
Electrical infrastructure assets (including power reticulation, substations, switchgear and transformers) | 25 | * | 1 Jul 2003 |
Mineral treatment structure | 40 | * | 1 Jul 2003 |
Pipes and pipelines (including valves and fittings): | |||
Generally | 25 | * | 1 Jul 2003 |
Slurry pipework within processing facility (including slurry pipe to thickener) | 10 | * | 1 Jan 2006 |
Pumps: | * | ||
Generally | 20 | * | 1 Jul 2003 |
Positive displacement pumps | 15 | * | 1 Jul 2003 |
Materials handling assets: | |||
Belt magnets, samplers, metal detectors and analysers | 15 | * | 1 Jul 2003 |
Bins, chutes, hoppers, bunkers and silos | 30 | * | 1 Jul 2003 |
Bucket elevators | 25 | * | 1 Jul 2003 |
Conveyors | 25 | * | 1 Jul 2003 |
Feeders: | |||
Generally (including apron and belt) | 20 | * | 1 Jul 2003 |
Vibrating | 15 | * | 1 Jul 2003 |
Fuel storage tanks | 30 | * | 1 Jul 2003 |
Gas storage tanks and spheres | 25 | * | 1 Jul 2003 |
Grizzly bars and scalpers | 25 | * | 1 Jul 2003 |
Overhead crane/gantry | 30 | * | 1 Jul 2003 |
Stack (chimney) | 30 | * | 1 Jul 2003 |
Stockpile assets: | |||
Reclaim tunnel flow valves and activators | 25 | * | 1 Jul 2003 |
Stackers, reclaimers and stacker/reclaimers | 25 | * | 1 Jul 2003 |
Train loaders | 30 | * | 1 Jul 2003 |
Tripper/stacker and stacking conveyor systems | 25 | * | 1 Jul 2003 |
Tunnel vent and exhaust fans | 15 | * | 1 Jul 2003 |
Water recycling facility | 20 | * | 1 Jul 2003 |
Water storage tanks | 30 | * | 1 Jul 2003 |
Weighing machines (including weighers for feeders and conveyors) | 20 | * | 1 Jul 2004 |
Mineral dressing assets: | |||
Classification, gravity separation and dewatering assets: | |||
Centrifuges | 15 | * | 1 Jul 2003 |
Cyclones: | |||
Dense medium and heavy medium | 8 | * | 1 Jul 2003 |
Generally (including classifying, desliming, and hydrocyclones) | 15 | * | 1 Jul 2003 |
Generally | 18 | * | 1 Jul 2003 |
Hydraulic classifiers and teetered bed separators | 20 | * | 1 Jul 2003 |
Jigs | 25 | * | 1 Jul 2003 |
Pneumatic tables and air separators | 25 | * | 1 Jul 2003 |
Settling cones | 25 | * | 1 Jul 2003 |
Shaking tables | 25 | * | 1 Jul 2003 |
Sluices and cone concentrators | 25 | * | 1 Jul 2003 |
Spirals | 12 | * | 1 Jul 2003 |
Electrostatic separation assets | 20 | * | 1 Jul 2003 |
Filtration assets (including pressure filtration and vacuum filtration equipment) | 15 | * | 1 Jul 2003 |
Flotation assets (including tanks, launders, agitators, air supply and reagent dosing equipment) | 20 | * | 1 Jul 2003 |
Magnetic separation assets (including cross belt, drum and disc types) | 20 | * | 1 Jul 2003 |
Screening assets | 15 | * | 1 Jul 2003 |
Thickening assets | 25 | * | 1 Jul 2003 |
Port assets - see Table A Water transport and support services (48100 to 48200) and (52110 to 52190) | |||
Railway infrastructure assets and rolling-stock - see Table A Rail freight and passenger transport services (47100 to 47200) | |||
Surface mobile mining machines: | |||
Bucket wheel excavators | 30 | * | 1 Jul 2002 |
Compressors | 20 | * | 1 Jul 2002 |
Cranes | 20 | * | 1 Jul 2002 |
Dozers | 9 | * | 1 Jul 2002 |
Draglines | 30 | * | 1 Jul 2002 |
Drill rigs (Production) | 10 | * | 1 Jul 2002 |
Electric rope shovels | 25 | * | 1 Jul 2002 |
Generators | 10 | * | 1 Jul 2002 |
Graders | 10 | * | 1 Jul 2002 |
Hydraulic excavators (including hydraulic front shovels) | 10 | * | 1 Jul 2002 |
Lighting system | 10 | * | 1 Jul 2002 |
Off highway trucks (including articulated, rigid dump, service, fuel and water trucks) | 10 | * | 1 Jul 2002 |
Rollers | 15 | * | 1 Jul 2002 |
Scrapers | 7 | * | 1 Jul 2002 |
Skid steer loader | 7 | * | 1 Jul 2002 |
Tool carrier | 10 | * | 1 Jul 2002 |
Wheel loader | 8 | * | 1 Jul 2002 |
Tailings dams | 20 | 1 Jan 2001 | |
Underground mobile mining machines: | |||
Compressors | 10 | * | 1 Jul 2002 |
Continuous haulage system | 10 | * | 1 Jul 2002 |
Continuous miner | 10 | * | 1 Jul 2002 |
Drill rigs: | |||
Diamond | 20 | * | 1 Jul 2002 |
Production | 7 | * | 1 Jul 2002 |
Feeder breaker | 15 | * | 1 Jul 2002 |
Grader | 10 | * | 1 Jul 2002 |
Jumbo | 10 | * | 1 Jul 2002 |
Load-haul-dump machine | 6 | * | 1 Jul 2002 |
Long-wall equipment: | |||
Armoured face conveyor | 6 | * | 1 Jul 2002 |
Beam stage loader | 7 | * | 1 Jul 2002 |
Hydraulic pump module | 15 | * | 1 Jul 2002 |
Hydraulic roof support | 10 | * | 1 Jul 2002 |
Impact crusher | 10 | * | 1 Jul 2002 |
Mobile conveyor tail end | 5 | * | 1 Jul 2002 |
Roof support relocation vehicle | 10 | * | 1 Jul 2002 |
Shearer | 7 | * | 1 Jul 2002 |
Shearer carrier | 10 | * | 1 Jul 2002 |
Maintenance vehicle | 8 | * | 1 Jul 2002 |
Personnel transporter | 8 | * | 1 Jul 2002 |
Raise borers and down reamers | 20 | * | 1 Jul 2002 |
Roof bolters | 8 | * | 1 Jul 2002 |
Scissor lift | 6 | * | 1 Jul 2002 |
Shuttle car | 12 | * | 1 Jul 2002 |
Skid steer loader | 12 | * | 1 Jul 2002 |
Underground haulage trucks | 6 | * | 1 Jul 2002 |
Wheel loader | 6 | * | 1 Jul 2002 |
Workshop plant | 20 | 1 Jan 2001 | |
Coal mining
( 06000 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Coal preparation assets: | |||
Centrifuges | 15 | * | 1 Jul 2003 |
Crushing assets (including feeder breakers, impact, roller and rotary crushers) | 20 | * | 1 Jul 2003 |
Cyclones: | |||
Dense medium, heavy medium | 6 | * | 1 Jul 2003 |
Generally (including classifying, desliming and hydrocyclones) | 10 | * | 1 Jul 2003 |
Filtration assets (including belt, drum and vacuum filters) | 15 | * | 1 Jul 2003 |
Flotation assets (including agitation air supply systems, launders, reagent dosing systems and tanks) | 20 | * | 1 Jul 2003 |
Grizzly bars and scalpers | 25 | * | 1 Jul 2003 |
Jigs and heavy medium baths | 25 | * | 1 Jul 2003 |
Magnetic separators | 20 | * | 1 Jul 2003 |
Spirals | 12 | * | 1 Jul 2003 |
Thickening assets | 25 | * | 1 Jul 2003 |
Infrastructure support assets: | |||
Analysers, belt magnets, grinding mills, metal detectors and samplers | 15 | * | 1 Jul 2003 |
Coal preparation facility framework/structure | 40 | * | 1 Jul 2003 |
Compressors | 15 | * | 1 Jul 2003 |
Control systems and communication systems assets: | |||
Generally | 10 | * | 1 Jul 2003 |
Instruments | 10 | * | 1 Jul 2003 |
Towers or other supporting structures | 30 | * | 1 Jul 2003 |
Electrical infrastructure assets (including reticulation assets, substations, switch gear and transformers) | 25 | * | 1 Jul 2003 |
Fuel storage tanks | 30 | * | 1 Jul 2003 |
Gas storage tanks | 25 | * | 1 Jul 2003 |
Overhead crane/gantry | 30 | * | 1 Jul 2003 |
Pipes and pipelines (including valves and fittings): | |||
Generally | 25 | * | 1 Jul 2003 |
Slurry pipework within processing facility (including slurry pipe to thickener) | 10 | * | 1 Jan 2006 |
Pumps: | |||
Generally (including centrifugal pumps) | 20 | * | 1 Jul 2003 |
Positive displacement pumps | 15 | * | 1 Jul 2003 |
Train loaders | 30 | * | 1 Jul 2003 |
Tunnel vent or exhaust fans | 15 | * | 1 Jul 2003 |
Valves and other non pipe fittings | 10 | * | 1 Jul 2003 |
Water recycling facility | 20 | * | 1 Jul 2003 |
Water storage dams (including fire services dams and water storage dams generally) | 30 | * | 1 Jul 2003 |
Water storage tanks | 30 | * | 1 Jul 2003 |
Materials handling assets: | |||
Bins, chutes, hoppers, silos and storage bunkers | 30 | * | 1 Jul 2003 |
Bucket elevators | 25 | * | 1 Jul 2003 |
Conveyors | 25 | * | 1 Jul 2003 |
Feeders: | |||
Generally (including apron and belt feeders) | 20 | * | 1 Jul 2003 |
Vibrating feeders | 15 | * | 1 Jul 2003 |
Stockpile spraying system | 20 | * | 1 Jul 2003 |
Stockpile stackers, reclaimers and stacker reclaimers: | |||
Generally (including all machinery) | 25 | * | 1 Jul 2003 |
Reclaim tunnels | 25 | * | 1 Jul 2003 |
Tripper/stacker | 25 | * | 1 Jul 2003 |
Oil and gas extraction
( 07000 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Assets used to manufacture condensate, crude oil, domestic gas, liquid natural gas (LNG) or liquid petroleum gas (LPG) but not if the manufacture occurs in an oil refinery: | |||
Control systems | 10 | * | 1 Jul 2002 |
Domestic gas processing assets (including centrifugal compressor, column, gas turbine, heat exchanger, piping and turbo expander) | 30 | *# | 1 Jul 2002 |
Electricity generation assets - see Table A Electricity supply (26110 to 26400) | |||
Flare tower for gas flare | 25 | *# | 1 Jul 2002 |
Fractionation train assets (including air cooler, column, compressor, heat exchanger, piping and pumps) | 30 | *# | 1 Jul 2002 |
Hot water system assets | 17 ½ | *# | 1 Jul 2002 |
Instruments | 12 ½ | * | 1 Jul 2002 |
LNG holding facility assets (including boil off gas compressor, cryogenic storage tank, loading arm, pumps and tank) | 30 | *# | 1 Jul 2002 |
LNG train assets (including centrifugal compressor, column, cryogenic heat exchanger, gas turbine driver and other heat exchangers) | 30 | *# | 1 Jul 2002 |
Stabiliser process assets (including column, heat exchanger, pumps and reciprocating compressor) | 30 | *# | 1 Jul 2002 |
Storage and loading assets (including cryogenic storage tank, jetty, loading arm, LPG chiller and pumps) | 30 | *# | 1 Jul 2002 |
Trunkline onshore terminal (TOT) assets: | |||
Flash tanks | 20 | *# | 1 Jul 2002 |
Slugcatcher and associated piping | 30 | *# | 1 Jul 2002 |
Valves including control valves | 12 ½ | * | 1 Jul 2002 |
Gas production assets: | |||
Central production facility assets: | |||
Boiler | 10 | * | 1 Jul 2002 |
Cabling for power and control system | 30 | *# | 1 Jul 2002 |
Diesel system | 15 | * | 1 Jul 2002 |
Drains system | 20 | *# | 1 Jul 2002 |
Drill rig | 10 | * | 1 Jul 2002 |
Flare system assets: | |||
Carbon steel piping | 15 | * | 1 Jul 2002 |
Flare tip | 5 | * | 1 Jul 2002 |
Stainless steel piping | 30 | *# | 1 Jul 2002 |
Fuel gas system | 30 | *# | 1 Jul 2002 |
Gas compression and reinjection assets: | |||
Gas compressor used offshore | 10 | * | 1 Jul 2002 |
Gas turbine driver used offshore | 12 ½ | * | 1 Jul 2002 |
Power turbine used offshore | 12 ½ | * | 1 Jul 2002 |
Generally (including piping, skid, vessels and assets used onshore) | 30 | *# | 1 Jul 2002 |
Heat exchanger | 30 | *# | 1 Jul 2002 |
Major carbon steel vessels | 12 ½ | * | 1 Jul 2002 |
Major stainless steel (or lined) vessels | 30 | *# | 1 Jul 2002 |
Offshore platform: | |||
Generally (including accommodation module, flare structure, helideck, jacket primary steel work and topsides secondary steel work) | 30 | *# | 1 Jul 2002 |
Topsides tertiary steelwork (including handrails, ladders and stairs) | 15 | * | 1 Jul 2002 |
Piping | 30 | *# | 1 Jul 2002 |
Pump: | |||
Circulation pump | 12 ½ | * | 1 Jul 2002 |
Generally | 20 | *# | 1 Jul 2002 |
Seawater lift pump | 15 | * | 1 Jul 2002 |
Shutdown and fire/gas system | 15 | * | 1 Jul 2002 |
Tempered water system assets: | |||
Chemical treatment assets | 12 ½ | * | 1 Jul 2002 |
Piping and vessels | 30 | *# | 1 Jul 2002 |
Utility air compressors | 15 | * | 1 Jul 2002 |
Control systems | 10 | * | 1 Jul 2002 |
Electricity generation assets - see Table A Electricity supply (26110 to 26400) | |||
Floating production storage and offloading (FPSO) vessel (incorporating mooring system) | 20 | *# | 1 Jul 2002 |
Floating storage and offloading (FSO) vessel (incorporating mooring system) | 20 | *# | 1 Jul 2002 |
Infield pipeline | 30 | *# | 1 Jul 2002 |
Instruments (including level, pressure and temperature indicators) | 12 ½ | * | 1 Jul 2002 |
Offshore bulk loading transfer system | 10 | * | 1 Jul 2002 |
Subsea production assets (including control umbilical, flowline and manifold) | 20 | *# | 1 Jul 2002 |
Trunkline | 30 | *# | 1 Jul 2002 |
Valve | 12 ½ | * | 1 Jul 2002 |
Well and downhole equipment | 15 | * | 1 Jul 2002 |
Wellhead and christmas tree | 30 | *# | 1 Jul 2002 |
Oil production assets: | |||
Central production facility assets (excluding FPSOs): | |||
Boiler | 10 | * | 1 Jul 2002 |
Circulation pump | 12 ½ | * | 1 Jul 2002 |
Drill rig | 10 | * | 1 Jul 2002 |
Flare tip | 5 | * | 1 Jul 2002 |
Gas compression and reinjection assets: | |||
Gas compressor used offshore | 10 | * | 1 Jul 2002 |
Gas turbine driver used offshore | 12 ½ | * | 1 Jul 2002 |
Power turbine used offshore | 12 ½ | * | 1 Jul 2002 |
Generally (including piping, skid, vessels and assets used onshore) | 15 | * | 1 Jul 2002 |
Generally (including offshore platform) | 15 | * | 1 Jul 2002 |
Major carbon steel vessels | 12 ½ | * | 1 Jul 2002 |
Pump: | |||
Circulation pump | 12 ½ | * | 1 Jul 2002 |
Other | 15 | * | 1 Jul 2002 |
Tempered water system assets: | |||
Chemical treatment assets | 12 ½ | * | 1 Jul 2002 |
Piping and vessels | 15 | * | 1 Jul 2002 |
Control systems | 10 | * | 1 Jul 2002 |
Electricity generation assets - see Table A Electricity supply (26110 to 26400) | |||
Floating production storage and offloading (FPSO)- vessel (incorporating mooring system) | 20 | *# | 1 Jul 2002 |
Floating storage and offloading (FSO) vessel- (incorporating mooring system) | 20 | *# | 1 Jul 2002 |
Infield pipeline | 15 | * | 1 Jul 2002 |
Instruments (including level, pressure and - temperature indicators) | 12 ½ | * | 1 Jul 2002 |
Offshore bulk loading transfer system | 10 | * | 1 Jul 2002 |
Subsea production assets (including control - umbilical, flowline and manifold) | 15 | * | 1 Jul 2002 |
Trunkline | 30 | *# | 1 Jul 2002 |
Valve | 12 ½ | * | 1 Jul 2002 |
Well and downhole equipment | 10 | * | 1 Jul 2002 |
Wellhead and christmas tree | 15 | * | 1 Jul 2002 |
Port assets - see Table A Water transport and support services (48100 to 48200) and (52110 to 52190) | |||
Iron ore mining
( 08010 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Infrastructure support assets: | |||
Blowers, high pressure | 15 | * | 1 Jan 2006 |
Dust suppression/control equipment | 15 | * | 1 Jan 2006 |
Materials handling assets: | |||
Feeders: | |||
Vibrating | 10 | * | 1 Jan 2006 |
Mineral dressing assets: | |||
Cyclones, dense/heavy medium (unlined nihard) | 1 | * | 1 Jan 2006 |
Dense medium separation assets (including baths and drums) | 20 | * | 1 Jan 2006 |
Magnetic separation assets: | |||
LIMS (low intensity magnetic separators) | 20 | * | 1 Jan 2006 |
WHIMS (wet high intensity magnetic separators) | 15 | * | 1 Jan 2006 |
Screening assets | 10 | * | 1 Jan 2006 |
Gold ore mining
( 08040 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Gold ore processing assets: | |||
Adsorption process assets | 15 | * | 1 Jul 2004 |
Carbon regeneration kilns | 12 | * | 1 Jul 2004 |
Concentrators (including inline pressure jigs and mechanical concentrators) | 10 | * | 1 Jul 2004 |
Crushing assets: | |||
Cone/gyratory crushers | 20 | * | 1 Jul 2004 |
Hydraulic rock breakers | 12 | * | 1 Jul 2004 |
Jaw crushers | 20 | * | 1 Jul 2004 |
Electrowinning/electrorefining assets | 17 | * | 1 Jul 2004 |
Elution columns | 12 | * | 1 Jul 2004 |
Elution storage tanks | 17 | * | 1 Jul 2004 |
Laboratory assets: | |||
Atmospheric adsorption spectrometers | 10 | * | 1 Jul 2004 |
Generally (including drying ovens, pulverisers, crushers, gas fired ovens, fume cupboards) | 15 | * | 1 Jul 2004 |
Leaching process assets (including carbon in pulp and carbon in leach processes) | 15 | * | 1 Jul 2004 |
Shaking tables | 12 | * | 1 Jul 2004 |
Smelting furnaces | 15 | * | 1 Jul 2004 |
Thickening assets | 20 | * | 1 Jul 2004 |
Mineral sand mining
( 08050 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Aeration assets (including aerators, attritioners, blowers and turbine impeller agitated vessels) | 20 | * | 1 Jan 2003 |
Classification and gravity separation assets (including centrifuges, cones, cyclones, screw classifiers, spirals and tables) | 15 | * | 1 Jan 2003 |
Crushing assets (including drum scrubbers) | 30 | * | 1 Jan 2003 |
Dredges | 20 | * | 1 Jul 2009 |
Drying assets: | |||
Generally (including flash and fluid bed dryers and fluid bed heaters) | 20 | * | 1 Jan 2003 |
Rotary dryer kilns | 30 | * | 1 Jan 2003 |
Dust management assets: | |||
Baghouse filters and extractors | 30 | * | 1 Jan 2003 |
Cyclones | 15 | * | 1 Jan 2003 |
Multiclones | 20 | * | 1 Jan 2003 |
Electrostatic separation assets (including curve plates, electrostatic roll separators, high tension roll separators and screen plates) | 20 | * | 1 Jan 2003 |
Filtration/Dewatering assets (including candle filter presses, dewatering towers, horizontal belt filters and hydrocyclones) | 15 | * | 1 Jan 2003 |
Magnetic separation assets (including belt and drum separators, electromagnetic separators, induced roll and rare earth magnetic separators and wet high intensity magnets) | 20 | * | 1 Jan 2003 |
Materials handling assets (including bins, bucket and conveying elevators, conveyors, feeders, hoppers, loading systems, paddle mixers and tailings stackers) | 30 | * | 1 Jan 2003 |
Screening assets (including screens and trommels) | 15 | * | 1 Jan 2003 |
Support assets: | |||
Control systems | 10 | * | 1 Jan 2003 |
Pipes and pipelines (including valves and fittings): | |||
Generally | 20 | * | 1 Jan 2003 |
Slurry pipework within processing facility (including slurry pipe to thickener) | 10 | * | 1 Jan 2006 |
Pumps | 20 | * | 1 Jan 2003 |
Tanks: | |||
Constant density and thickening | 20 | * | 1 Jan 2003 |
Generally (including acid leaching and water) | 15 | * | 1 Jan 2003 |
Thermal reduction assets (including cooler kilns, cooling towers, heat exchangers and reduction kilns) | 30 | * | 1 Jan 2003 |
Waste gas handling assets: | |||
Afterburners | 20 | * | 1 Jan 2003 |
Cyclones | 15 | * | 1 Jan 2003 |
Electrostatic precipitators | 30 | * | 1 Jan 2003 |
Scrubbers and stacks | 20 | * | 1 Jan 2003 |
Nickel ore mining
( 08060 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Nickel ore processing assets: | |||
Mineral treatment structure (including structures holding walkways, supporting assets and thoroughfares) | 20 | * | 1 Jul 2004 |
Reagent pumps (including high pressure acid leach pumps) | 5 | * | 1 Jul 2004 |
Construction material mining
( 09110 to 09190 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Control systems (for conveying, crushing and screening assets) | 10 | * | 1 Jul 2003 |
Conveyors: | |||
Gravity take-up | 25 | * | 1 Jul 2003 |
Screw take-up | 15 | * | 1 Jul 2003 |
Crushers: | |||
Generally | 20 | * | 1 Jul 2003 |
Mobile (track or wheel mounted machinery including screening and conveying components) | 15 | * | 1 Jul 2003 |
Cyclones | 15 | * | 1 Jul 2003 |
Dredges | 20 | * | 1 Jul 2009 |
Drill rigs | 8 | * | 1 Jul 2003 |
Electrical switching assets | 20 | * | 1 Jul 2003 |
Graders | 15 | * | 1 Jul 2003 |
Heavy mobile quarry assets not specifically listed - see Table A Mining (06000 to 10900) | |||
Hydraulic oversize-rock breakers (mounted above primary crusher) | 8 | * | 1 Jul 2003 |
Material handling assets (including chutes, feeders, hoppers, product bins and surge bins) | 20 | * | 1 Jul 2003 |
Pug mills | 15 | * | 1 Jul 2003 |
Screening assets | 12 | * | 1 Jul 2003 |
Wheel loaders | 10 | * | 1 Jul 2003 |
Wire saws | 10 | * | 1 Jul 2003 |
Petroleum exploration services
( 10112 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Exploration assets used onshore: | |||
Onshore surface drilling rigs (including blow out preventers, derricks, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmissions) | 15 | * | 1 Jan 2007 |
Down hole geophysics units truck mounted | 12 | * | 1 Jan 2007 |
Drill strings | 4 | * | 1 Jan 2007 |
Portable messing and sleeping huts | 7 | * | 1 Jan 2007 |
Exploration assets used offshore: | |||
Offshore drilling rigs (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, platforms, rig powering and transmissions) | 20 | * | 1 Jan 2007 |
Drill strings | 3 | * | 1 Jan 2007 |
Down hole geophysics units skid mounted | 10 | * | 1 Jan 2007 |
Seismic survey assets: | |||
Airguns | 5 | * | 1 Jan 2007 |
Hydrophones | 5 | * | 1 Jan 2007 |
Mineral exploration services
( 10122 ) |
|||
ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
Exploration assets: | |||
Drill rigs: | |||
Surface (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmission and trucks) | 10 | * | 1 Jan 2007 |
Underground | 5 | * | 1 Jan 2007 |
Geophysical survey assets: | |||
Airborne geophysical assets (including magnetometers, receivers and transmitters): | |||
Aircraft integrated | 10 | * | 1 Jan 2007 |
Aircraft demountable | 8 | * | 1 Jan 2007 |
Down hole geophysical assets (including acoustic televiewers, callipers, density tools, dipmeters, draw works, neutron probes, sonic probes, receiver/transmitter modules and sondes): | |||
Portable assets | 5 | * | 1 Jan 2007 |
Vehicle integrated assets | 8 | * | 1 Jan 2007 |
Ground geophysical assets (including gravity instruments, resistivity receivers and transmitters, scintillometers and spectrometers) | 5 | * | 1 Jan 2007 |
Portable ground geophysical assets (including electromagnetics, ground magnetics, ground penetrating radars and radiometrics) | 5 | * | 1 Jan 2007 |
Seismic survey assets: | |||
Cabling | 3 | * | 1 Jan 2007 |
Geophones | 5 | * | 1 Jan 2007 |
Global positioning systems | 5 | * | 1 Jan 2007 |
Processing systems | 3 | * | 1 Jan 2007 |
Recording systems | 10 | * | 1 Jan 2007 |
Vibration source assets: | |||
Buggy mounted shear wave vibrators | 10 | * | 1 Jan 2007 |
Drilling rigs shot hole | 10 | * | 1 Jan 2007 |
Ground impactors | 4 | * | 1 Jan 2007 |
Total stations (incorporating a theodolite) | 5 | * | 1 Jan 2007 |
Portable messing and sleeping huts | 7 | * | 1 Jan 2007 |
Not issued as a draft
References
ATO references:
NO 99/132027; 2000/20567; 2003/11601; 2004/17815; 2005/6504; 2005/18073; 2006/25212; 2007/7796; 2008/9394; 2009/5704; 1-20KCCA6; 1-2Z8ZAX4; 1-3VCCZ0O; 1-4NMTK3G
Related Rulings/Determinations:
IT 2685
TR 2000/18
TR 2006/5
TR 2006/15
TR 2007/3
TR 2008/4
TR 2009/4
TR 2010/2
TR 2011/2
TR 2012/2
Subject References:
capped lives
determination of effective life
decline in value
depreciating assets
effective life
effective life determination
Legislative References:
ITAA 1997
ITAA 1997 Div 40
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-105
ITAA 1997 40-110
TAA 1953
Date: | Version: | Change: | |
You are here | 26 June 2013 | Consolidated ruling |