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
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
