Taxation Ruling
TR 2022/1
Income tax: effective life of depreciating assets (applicable from 1 July 2022)
-
Please note that the PDF version is the authorised version of this ruling.This Ruling, which applies from 1 July 2022, replaces TR 2021/3 (see paragraph 6 of this Ruling for further details).
Mining - (06000 to 10900)
|
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 cranes/gantries | 30 | * | 1 Jul 2003 |
| Stacks (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 |
| Trippers/stackers and stacking conveyor systems | 25 | * | 1 Jul 2003 |
| Tunnel vent and exhaust fans | 15 | * | 1 Jul 2003 |
| Water recycling facilities | 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 systems | 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 carriers | 10 | * | 1 Jul 2002 |
| Wheel loaders | 8 | * | 1 Jul 2002 |
| Tailings dams | 20 | 1 Jan 2001 | |
| Underground mobile mining machines: | |||
| Compressors | 10 | * | 1 Jul 2002 |
| Continuous haulage systems | 10 | * | 1 Jul 2002 |
| Continuous miners | 10 | * | 1 Jul 2002 |
| Drill rigs: | |||
| Diamond | 20 | * | 1 Jul 2002 |
| Production | 7 | * | 1 Jul 2002 |
| Feeder breakers | 15 | * | 1 Jul 2002 |
| Graders | 10 | * | 1 Jul 2002 |
| Jumbos | 10 | * | 1 Jul 2002 |
| Load-haul-dump machines | 6 | * | 1 Jul 2002 |
| Long-wall equipment: | |||
| Armoured face conveyors | 6 | * | 1 Jul 2002 |
| Beam stage loaders | 7 | * | 1 Jul 2002 |
| Hydraulic pump modules | 15 | * | 1 Jul 2002 |
| Hydraulic roof supports | 10 | * | 1 Jul 2002 |
| Impact crushers | 10 | * | 1 Jul 2002 |
| Mobile conveyors tail end | 5 | * | 1 Jul 2002 |
| Roof support relocation vehicles | 10 | * | 1 Jul 2002 |
| Shearers | 7 | * | 1 Jul 2002 |
| Shearer carriers | 10 | * | 1 Jul 2002 |
| Maintenance vehicles | 8 | * | 1 Jul 2002 |
| Personnel transporters | 8 | * | 1 Jul 2002 |
| Raise borers and down reamers | 20 | * | 1 Jul 2002 |
| Roof bolters | 8 | * | 1 Jul 2002 |
| Scissor lifts | 6 | * | 1 Jul 2002 |
| Shuttle cars | 12 | * | 1 Jul 2002 |
| Skid steer loaders | 12 | * | 1 Jul 2002 |
| Underground haulage trucks | 6 | * | 1 Jul 2002 |
| Wheel loaders | 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 cranes/gantries | 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 |
| Trippers/stackers | 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 [24] | |||
| 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 towers for gas flares | 25 | *# | 1 Jul 2002 |
| Fractionation train assets (including air coolers, columns, compressors, heat exchangers, 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 compressors, cryogenic storage tanks, loading arms, pumps and tanks) | 30 | *# | 1 Jul 2002 |
| LNG train assets (including centrifugal compressors, columns, cryogenic heat exchangers, gas turbine drivers and other heat exchangers) | 30 | *# | 1 Jul 2002 |
| Stabiliser process assets (including columns, heat exchangers, pumps and reciprocating compressors) | 30 | *# | 1 Jul 2002 |
| Storage and loading assets (including cryogenic storage tanks, jetties, loading arms, LPG chillers 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 [25] : | |||
| Central production facility assets: | |||
| Boilers | 10 | * | 1 Jul 2002 |
| Cabling for power and control systems | 30 | *# | 1 Jul 2002 |
| Diesel systems | 15 | * | 1 Jul 2002 |
| Drains systems | 20 | *# | 1 Jul 2002 |
| Drill rigs | 10 | * | 1 Jul 2002 |
| Flare system assets: | |||
| Carbon steel piping | 15 | * | 1 Jul 2002 |
| Flare tips | 5 | * | 1 Jul 2002 |
| Stainless steel piping | 30 | *# | 1 Jul 2002 |
| Fuel gas systems | 30 | *# | 1 Jul 2002 |
| Gas compression and reinjection assets: | |||
| Gas compressors used offshore | 10 | * | 1 Jul 2002 |
| Gas turbine drivers used offshore | 12 ½ | * | 1 Jul 2002 |
| Generally (including piping, skid, vessels and assets used onshore) | 30 | *# | 1 Jul 2002 |
| Power turbines used offshore | 12 ½ | * | 1 Jul 2002 |
| Heat exchangers | 30 | *# | 1 Jul 2002 |
| Major carbon steel vessels | 12 ½ | * | 1 Jul 2002 |
| Major stainless steel (or lined) vessels | 30 | *# | 1 Jul 2002 |
| Offshore platforms: | |||
| Generally (including accommodation modules, flare structures, helidecks, jackets, primary steel work and topsides secondary steel work) [26] | 30 | *# | 1 Jul 2002 |
| Topsides tertiary steelwork (including handrails, ladders and stairs) | 15 | * | 1 Jul 2002 |
| Piping | 30 | *# | 1 Jul 2002 |
| Pumps: | |||
| Circulation pump | 12 ½ | * | 1 Jul 2002 |
| Generally | 20 | *# | 1 Jul 2002 |
| Seawater lift pumps | 15 | * | 1 Jul 2002 |
| Shutdown and fire/gas systems | 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 |
| Coal seam gas extraction assets: | |||
| Infield gathering systems used for gas and associated water (including polyethylene (PE) pipes and pumps) | 20 | *# | 1 Jul 2016 |
| Water assets: | |||
| Storage ponds and tanks for water and brine | 30 | *# | 1 Jul 2016 |
| Treated water distribution assets | 30 | *# | 1 Jul 2016 |
| Treated water irrigation assets - see Table A Agriculture, Forestry and Fishing (01110 to 05290), water assets | |||
| Water treatment facility assets (including desalination plants, reverse osmosis, brine concentration and crystallisation assets) | 20 | *# | 1 Jul 2016 |
| Well assets: | |||
| Downhole equipment (including pumps, but excluding well casing) | 5 | * | 1 Jul 2016 |
| Wellpad surface assets (including christmas trees, separators and telemetry equipment) | 20 | *# | 1 Jul 2016 |
| Wells | 20 | *# | 1 Jul 2016 |
| Control systems | 10 | * | 1 Jul 2002 |
| Electricity generation assets - see Table A Electricity supply (26110 to 26400) | |||
| Floating production storage and offloading (FPSO) vessels (incorporating mooring systems) | 20 | *# | 1 Jul 2002 |
| Floating storage and offloading (FSO) vessels (incorporating mooring systems) | 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 systems | 10 | * | 1 Jul 2002 |
| Subsea production assets (including control umbilical, flowline and manifold) | 20 | *# | 1 Jul 2002 |
| Trunklines | 30 | *# | 1 Jul 2002 |
| Valves | 12 ½ | * | 1 Jul 2002 |
| Wells and downhole equipment | 15 | * | 1 Jul 2002 |
| Wellheads and christmas trees | 30 | *# | 1 Jul 2002 |
| Oil production assets [27] : | |||
| Central production facility assets (excluding FPSOs): | |||
| Boilers | 10 | * | 1 Jul 2002 |
| Circulation pumps | 12 ½ | * | 1 Jul 2002 |
| Drill rigs | 10 | * | 1 Jul 2002 |
| Flare tips | 5 | * | 1 Jul 2002 |
| Gas compression and reinjection assets: | |||
| Gas compressors used offshore | 10 | * | 1 Jul 2002 |
| Gas turbine drivers used offshore | 12 ½ | * | 1 Jul 2002 |
| Generally (including piping, skids, vessels and assets used onshore) | 15 | * | 1 Jul 2002 |
| Power turbines used offshore | 12 ½ | * | 1 Jul 2002 |
| Generally (including offshore platforms) | 15 | * | 1 Jul 2002 |
| Major carbon steel vessels | 12 ½ | * | 1 Jul 2002 |
| Pumps: | |||
| Circulation pumps | 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) vessels (incorporating mooring systems) | 20 | *# | 1 Jul 2002 |
| Floating storage and offloading (FSO) vessels (incorporating mooring systems) | 20 | *# | 1 Jul 2002 |
| Infield pipelines | 15 | * | 1 Jul 2002 |
| Instruments (including level, pressure and temperature indicators) | 12 ½ | * | 1 Jul 2002 |
| Offshore bulk loading transfer systems | 10 | * | 1 Jul 2002 |
| Subsea production assets (including control umbilical, flowline and manifold) | 15 | * | 1 Jul 2002 |
| Trunklines | 30 | *# | 1 Jul 2002 |
| Valves | 12 ½ | * | 1 Jul 2002 |
| Wells and downhole equipment | 10 | * | 1 Jul 2002 |
| Wellheads and christmas trees | 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 structures (including structure 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 |
|
Other non-metallic mineral mining and quarrying n.e.c.
(09909) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Salt harvesting assets: | |||
| Culverts for conveying seawater/brine/bitterns | 50 | * | 1 Jul 2021 |
| Dollies | 10 | * | 1 Jul 2021 |
| Dozers | 8 | * | 1 Jul 2021 |
| Excavators | 10 | * | 1 Jul 2021 |
| Front end loaders | 8 | * | 1 Jul 2021 |
| Graders | 8 | * | 1 Jul 2021 |
| Harvesters | 7 | * | 1 Jul 2021 |
| Levees | 40 | * | 1 Jul 2021 |
| Mobile pump stations | 5 | * | 1 Jul 2021 |
| Port assets: | |||
| Mooring buoys | 25 | * | 1 Jul 2021 |
| Other port assets (including dolphins, ship loaders and stackers) - see Table A Water transport and support services (48100 to 48200 and 52110 to 52190) | |||
| Pumps: | |||
| Bore pumps | 10 | * | 1 Jul 2021 |
| Channel feed pumps and concentrator pond pumps | 10 | * | 1 Jul 2021 |
| Primary intake pumps | 15 | * | 1 Jul 2021 |
| Tractors | 10 | * | 1 Jul 2021 |
| Trailers | 10 | * | 1 Jul 2021 |
| Trucks | 12 | * | 1 Jul 2021 |
| Tugboats - see Table A Water transport and support services (48100 to 48200 and 52110 to 52190) | |||
|
Petroleum exploration services
(10112) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Exploration assets used offshore: | |||
| Down hole geophysics units - skid mounted | 10 | * | 1 Jan 2007 |
| Drill strings | 3 | * | 1 Jan 2007 |
| Offshore drilling rigs (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, platforms, rig powering and transmissions) | 20 | * | 1 Jan 2007 |
| Exploration assets used onshore: | |||
| Down hole geophysics units - truck mounted | 12 | * | 1 Jan 2007 |
| Drill strings | 4 | * | 1 Jan 2007 |
| 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 |
| Portable messing and sleeping huts | 7 | * | 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 |
| Total stations (including mechanical, manual, motorised, auto lock, robotic, universal and multi-stations) | 5 | * | 1 Jul 2015 |
| 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 |
| Portable messing and sleeping huts | 7 | * | 1 Jan 2007 |
|
Other mining support services
(10900) |
|||
| ASSET |
LIFE
(YEARS) |
REVIEWED |
DATE OF
APPLICATION |
| Gas and oil mining support services (excluding offshore services): | |||
| Cementing assets: | |||
| Batch mixing assets: | |||
| Batch mixing units (excluding batch mixing units incorporated with trailers) | 8 | * | 1 Jul 2018 |
| Trailers (incorporating batch mixing unit and trailer) | 10 | * | 1 Jul 2018 |
| Cement silos: | |||
| Fixed steel | 30 | * | 1 Jul 2018 |
| Mobile | 10 | * | 1 Jul 2018 |
| Cement tankers (incorporating tank and trailer) - see Table B Motor vehicles and trailers, trailers having a gross vehicle mass greater than 4.5 tonnes | |||
| Pumping units | 10 | * | 1 Jul 2018 |
| Drilling assets: | |||
| Bottom hole assemblies (including logging while drilling tools, measuring while drilling tools, motors and stabilisers) | 5 | * | 1 Jul 2018 |
| Coil tubing assets: | |||
| Pumping units | 7 | * | 1 Jul 2018 |
| Reel and power units | 10 | * | 1 Jul 2018 |
| Downhole fishing and remedial tools (including casing swages, junk magnets and milling tools) | 5 | * | 1 Jul 2018 |
| Drill rigs | 10 | * | 1 Jul 2018 |
| Drill strings | 5 | * | 1 Jul 2018 |
| Fluid assets (including centrifuges, pumps and shear units) | 10 | * | 1 Jul 2018 |
| Mobile fluid tanks | 10 | * | 1 Jul 2018 |
| Well control equipment (including blow out preventers and choke manifolds) | 5 | * | 1 Jul 2018 |
| Hydraulic fracturing assets: | |||
| Blenders | 8 | * | 1 Jul 2018 |
| Frac tanks | 10 | * | 1 Jul 2018 |
| Pumps | 8 | * | 1 Jul 2018 |
| Mineral mining support services: | |||
| Blasting assets: | |||
| Augers | 10 | * | 1 Jul 2017 |
| Blast hole pumps | 7 | * | 1 Jul 2017 |
| Explosive boxes | 5 | * | 1 Jul 2017 |
| Magazines | 10 | * | 1 Jul 2017 |
| Mobile processing units (MPUs): | |||
| Surface | |||
| Motor vehicles - see Table B Motor vehicles and trailers | |||
| MPUs | 9 | * | 1 Jul 2017 |
| Underground MPUs (incorporating motor vehicle and MPU) | 6 | * | 1 Jul 2017 |
| Remote control blasting units | 5 | * | 1 Jul 2017 |
| Stemming buckets | 7 | * | 1 Jul 2017 |
| Dewatering pumps | 12 | * | 1 Jul 2017 |
| Surface drill rigs (production) | 10 | * | 1 Jul 2017 |
References
ATO references:
NO 1-SY3H7A0
Previous Rulings/Determinations:
TR 2017/2
TR 2018/4
TR 2019/5
TR 2020/3
TR 2021/3
ISSN: 2205-6122
Subject References:
depreciation
depreciation rate
effective life
Legislative References:
ITAA 1997 Div 40
ITAA 1997 40-25
ITAA 1997 40-25(7)
ITAA 1997 40-70(1)
ITAA 1997 40-72(1)
ITAA 1997 40-75(1)
ITAA 1997 40-95
ITAA 1997 40-95(4)
ITAA 1997 40-95(5)
ITAA 1997 40-95(7)
ITAA 1997 40-100
ITAA 1997 40-100(5)
ITAA 1997 40-100(6)(b)
ITAA 1997 40-102
ITAA 1997 40-102(4)
ITAA 1997 40-102(4A)
ITAA 1997 40-102(5)
ITAA 1997 40-105
ITAA 1997 40-110
ITAA 1997 40-345(2)
IT(TP)A 1997 Subdiv 40-BB
Other References:
Income Tax (Effective Life of Depreciating Assets) Amendment Determination (No 1) 2022