ProAcct Accounting, Taxation, Fund Management, Accounting, Fianance, Lending Insurance

Motor vehicles

Effective life in years Prime cost rate % Diminishing value rate

Less than 3 100% -

3 to less than 5 33% 50%

5 to less than 6 2/3 20% 30%

6 2/3 to less than 10 15% 23%

10 to less than 13 10% 15%

13 to less than 20 8% 11%

20 to less than 40 5% 8%

40 or more 3% 4%

Accelerated rates of depreciation

Effective life in years Prime cost rate % Diminishing value rate %

Less than 3 100 -

3 to less than 5 40 60.00%

5 to less than 62/3 27 40.00%

6 2/3 to less than 10 20 30.00%

10 to less than 13 17 25.00%

13 to less than 30 13 20.00%

30 or more 7 10.00%

Statutory caps on the effective life of buses, light commercial vehicles, minibuses, trucks and truck trailers

Depreciating Asset Comm’s determination of effective life (years) Capped Effective life (years)

Buses with a gross vehicle mass of more than 3.5 tonnes 15 7.5

Garbage compactor trucks (including the compactor) 15 7.5

Light commercial vehicles with a carrying capacity of one tonne or greater and a gross vehicle mass of 3.5 tonnes or less (including utilities, vans, and light trucks) 12 7.5

Depreciating asset Comm’s determin-ation of effective life (years) Capped Effective life (years)

Minibuses with a gross vehicle mass of 3.5 tonnes or less and seats for 9 or more passengers 12 7.5

Trailers with a gross vehicle mass greater than 4.5 tonnes 15 10

Trucks having a gross vehicle mass greater than 3.5 tonnes (other than a truck that is used in mining operations and that is not of a kind that can be registered to be driven on a public road in the place in which the truck is operated) 15 7.5

Effective lives (Asset Categories) Table B 1 July 2006

Index A B C D E F G H I J K L M N O P Q R S T U V W XYZ

Asset Life (Years)

A

Advertising Samples and Designs (for decorative steel and iron work) 40

Advertising Signs:

   Billboards (hoarding) 20

   Roller board (moving surface) 6 2/3

   Solar powered (real estate signs) 13 1/3

Air Compressors:

   Reciprocating 7

   Rotary Screw 10

Air-conditioning assets (excluding pipes, duct work and vents):

   Air handling units 20

   Cooling towers 15

   Condensing sets 15

   Chillers:

      Absorption 25

      Centrifugal 20

   Volumetrics (including reciprocating, rotary, screw, scroll):

      Air-cooled 15

      Water-cooled 20

   Damper motors (including variable air volume box controller) 10

   Fan coil units (connected to a condensing set) 15

   Humidifiers (steam generator) 10

   Mini split system up to 20KW (including ceiling, floor and high wall split system) 10

   Packaged air conditioning units 15

   Pumps 20

   Room units 10

Aircraft:

   Aeroplane:

      General Use 20

      Used predominantly for agricultural spraying or agricultural dusting 10

   Gliders/sailplanes 10

   Helicopter:

      General Use 20

      Used predominantly for mustering, agricultural spraying or agricultural dusting 10

   Hot air balloons:

      Envelope and cane basket 3

      Associated equipment (inflator fan, burner unit, fuel cylinders) 10

Amenities Provided For Employees (sanitary ware, etc., forming part of toilet accommodation or washing facilities) 20

Art Works 100

Automatic Teller Machine 8

B

Battery Chargers 20

Batteries (Storage) 13 1/3

Bending Machines (bar, angle and rod) 10

Bicycles 10

Binoculars 10

Block and Brick elevators, portable 10

Boilers 20

Boiler pumps 5

Boom Gates 10

Bores 13 1/3

Boring Drill (rotary mole, underground) 3 1/3

Boring Plant 10

Bottle Washing Machine 10

Bowser Machines (including self service) 10

Bowser Tanks (underground) 13 1/3

Building maintenance units 35

Buildings:

   To the extent that they form an integral part of plant and machinery:

      Brick, stone or concrete structures 100

      Gantries 33 1/3

      Other structures 33 1/3

   Freezing Works:

      Brick, stone or concrete structure 100

      Wholly wooden structure 20

   Primary Production, Forestry and Pearling

   Industries:

      Non-residential:

      With brick, stone or concrete walls 50

      With wood and/or iron walls 33

Bulk Liquid Bags 3

Bundy Machines 13 1/3

C

Cables and Wires

   Overhead:

      Bare 50

      Insulated 20

   Underground 50

Cameras:

   Generally (including lenses, electronic flash units, enlargers, etc.) 10

   Used for street photography 4

Caravans:

   Generally 6 2/3

   Used only within the confines of a caravan park 10

Car Parking (hydraulic elevated platforms and hoists including control equipment) 10

Carpets:

   in commercial office buildings 8

   In ten-pin bowling centres 4

Casks:

   Stainless steel 10

   Other 13 1/3

Chimney Stacks and Flues (concrete stacks in heavy industry qualifying as 'plant') 50

Compaction:

   Compactors - flat plate 8

   Compactors - vertical rammer 6

Compressors

   Air and oxygen 20

   Ammonia:

      Horizontal 20

      Vertical 13 1/3

Computers:

   Generally 4

   Free access floors in computer rooms 50

   Laptops 3

Concreting Assets:

   Brick and paving saws 5

   Concrete demolition saws 3

   Concrete kibble buckets 15

   Concrete Mixers 4

Concrete surface preparation assets (including floor grinders, planers and scarifers) 5

   Concrete trowels:

      Walk behind 5

      Ride on 7

   Concrete vibrating screeders 5

   Concrete Vibrators:

      Bushcutter style 5

      Drive units 6

      Flexible shaft pumps 6

      Vibrating shafts 3

   Concrete wheeled saws 6

Concrete Transit Mixers (mixing bowl, separate motor and drive mechanism) 6 2/3

Containers (metal, for liquefied petroleum gas) 13 1/3

Cranes:

   Electrical or otherwise 20

   Gantries 33 1/3

Crates 4

Curing Barns (galvanised steel and marine ply) 13 1/3

Curtains and Drapes 6

D

Dams (not being earth tanks) 40

Delivery tube system (air pressure) 10

Docks (floating) 20

Door control and motor drive system for automatic sliding doors (incorporating chains, controls, motors and sensors, excluding doors) 15

Dozers/Front End Loaders 9

Dredges 20

Drink dispensing machines 10

E

Elevated work platforms:

   Boom (including knuckle and telescopic) 15

   Personal 10

   Scissor 10

Engineering Works Machinery Installed 20

Engines 20

Escalators (machinery and their moving parts) 20

F

Fences:

   Electric 20

   Wire mesh (demountable used for partitioning purposes) 20

Fire control and alarm assets:

   Alarms:

      Heat 6

      Smoke 6

   Detection and alarm systems:

      Alarm bells 12

      Detectors:

         Aspirated smoke 12

         Heat 20

         Manual call point (addressable type only) 20

         Multi type 20

         Smoke 20

      Fire indicator panels 12

      Gas suppression cylinders 25

   Emergency warning and intercommunication systems:

      Master emergency control panels 12

      Speakers 12

      Strobe lights 12

      Warden intercom phones 12

   Extinguishers 15

   Hoses and nozzles 10

   Pumps (including diesel and electric) 25

   Stair pressurisation assets:

      A C variable speed drive 10

      Pressurisation and extraction fans 25

      Sensors 10

Floor Coverings (linoleum and vinyl) 10

Fogging Machines (insecticide) 8

Forklifts 11

Formwork, beams and props, steel 10

Foundation of plant and machinery which forms an integral part of the plant and machinery 50

Furniture, freestanding:

   Bookcases:

   Timber 15

   Metal 20

   Cabinets (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type):

      Timber/laminated 15

      Metal 20

   Chairs 10

   Desks 20

   Mobile storage units (compactus type) 25

   Reception (including lobby chairs, desks, lounges, sofas and tables) 10

   Screens 20

   Tables:

      Boardroom 20

      General 10

   Workstations (including desks and partitions) 20

G

Galvanising Plant 10

Garbage Bins 6 2/3

Gas Cylinders LPG 13 1/3

Generators (excluding emergency or standby generators) 20

Grinding Machine (surface) 10

H

Hand Dryers (electrically operated) 10

Heating Units (electronic) 10

Hot water installations for commercial office buildings (excluding commercial boilers and piping) 15

I

Ice-making Machinery:

   Condensers 13 1/3

   Expansion pipes 40

   General machinery 13 1/3

   Ice moulds 5

Incinerettes (gas or electrically fired) 20

Industrial Sweeper 6 2/3

Industrial Trailers (relocatable) 10

Intercom System (pipe-in music system) 8 1/3

J

Jet Ski 4

Jetties (boat shed) 40

Judges' Robes:

   Court dress for ceremonial occasions 5

   Other robes 13 1/3

K

Kilns:

   Brick 20

   Charcoal burning 20

   Rapid fire shuttle type (used in the manufacture of ceramic tiles) 13 1/3

L

Laboratory Equipment 13 1/3

Ladders (including stepladders, work platforms extension ladders, trestles and planks):

   Aluminium 4

   Fibreglass 4

Laser Beam Construction Tools 10

Laser Cutting Machine:

   Work handler 10

   Industrial laser 5

   CNC control 5

   Water chiller 5

Laser Typesetting 5

Lathes:

   Computer controlled 10

   Engineering works (machinery installed) 20

   Wood working plant 13 1/3

Lawn Mower:

   Motor 6 2/3

   Self propelled 5

Lens (optical) 10

Letter Boxes (aluminium, nylon, brass) 40

Levels:

   Dumpy 7

   Laser Beam 10

Lift slap assets (incorporating spreader bars, clutches pulleys and cables) 5

Library (professional) 10

Lift:

   Boom 3

Lifts (including dumbwaiters, hydraulic lifts and traction lifts) 30

Lighting Control System (microprocessor based) 5

Lighting Plant (electric) 20

Lighting System (fluorescent) 20

Lightning arresters 50

Livestock (working beasts, beasts of burden in business other than Primary Production and Camels) 10

Loading bay assets:

   Dock levellers 20

   Pallet jacks and pallet trucks 10

   Scissor lifts 15

Asset Life (Years)

M

Mini Lab 10

Mini-skid steer loaders (with a carrying capacity less than or equal to 1100 kg) 5

Mini-skid steer loader attachments:

   Others (including auger and bucket) 5

   Stump grinders 2

Mini Spot Console 10

Modular Switching System 10

Motor Graders 10

Motor Vehicles, etc:

   Buses having a gross vehicle mass of more than 3.5 tonnes 15

   Cars (motor vehicles designed to carry a load of less than one tonne and fewer than 9 passengers):

      Generally 8

      Hire and travellers' cars 5

      Taxis 4

   Light commercial vehicles designed to carry a load of one tonne or greater and having a gross vehicle mass of 3.5 tonnes or less 12

   Minibuses having a gross vehicle mass of 3.5 tonnes or less and designed to carry 9 or more passengers 12

   Motor cycles and scooters 6 2/3

   Trailers having a gross vehicle mass greater than 4.5 tonnes 15

   Trailers having a gross vehicle mass of 4.5 tonnes or less 10

   Trucks having a gross vehicle mass greater than 3.5 tonnes (excluding off highway trucks used in mining operations) 15

      For Garbage compactor trucks see Table A, Personal and Other Services (95110 to 97000), Waste disposal services (96340)

Moving walks 20

Musical Instruments, etc:

Associated portable equipment (including amplifiers, microphones, speakers, mixers and music stands) 6 2/3

   Brass 10

   Keyboard (Acoustic) 10

   Keyboard (Electric) 5

   Percussion 5

   Stringed 10

   Woodwind 10

N

O

Office Machines and Equipment:

   Calculators 10

   Dictaphones 10

   Electronic whiteboard 6

   Enveloping machine 6

   Facsimile machine 5

   Letter Inserter (automatic) 10

   Mailing machine 5

   Multi function machine (includes fax, copy, print and scan function) 5

   Photo copying machines

   Shredders 15

   Trolleys 15

   Whiteboards 10

Ovens:

   Microwave 6 2/3

Oxygen Acetylene Plant 20

P

Packing Machines 10

Painting equipment (airless spray) 10

Paint-tinting and Colour Blending Machines 5

Pallets 5

Parachute 3

Partitions (demountable) 20

Pentex Total Station 5

Plants:

   Live (indoor) 5

   Simulated 13 1/3

Point of sale assets:

   Cash registers, standalone type 10

   Cash transfer system assets, pneumatic type (including printer circuit board, transfer pipes and turbines) 10

   Generally (including barcode scanners, cash drawers, dedicated computers, electronic funds transfer point of sale (EFTPOS) machines, keyboards, monitors printers and terminals), 6

   Weighing machines and scales (including weigh labelling machines) 10

Poles:

   Steel (set in concrete) 40

   Wooden:

      Set in concrete 20

      Not set in concrete 10

Portable Toilet 10

Powder Coating Machine 6 2/3

Power supply assets, emergency or standby:

   Generator assets:

   Acoustic hoods and canopies 20

   Generators (incorporating attached engine management and generator monitoring instruments) 25

Power management units 15

   Uninterruptible power supply (UPS) system:

      Line interactive types 5

      On line double conversion types 10

   Generators, portable (incorporating attached engine management and generator monitoring instruments:

      Diesel 10

      Petrol 5

Power Tools :

   Chain Saws 3

   Hand tools:

      Air 5

      Battery 3

      Electric 5

   Jack Hammers:

      Air 7

      Electric 3

   Nail Guns -air 3

Power Transformers 45

Projectors 10

Public address and paging system assets (including amplifiers, audio speakers and microphones) 12

Pumps 20

Punts 20

R

Racks 10

Radio Sets:

   Generally 10

   Two-way radios and transceivers 6 2/3

Refrigeration assets:

   Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators) 10

   Ice making machines 8

   Insulation panels used in cool or freezer rooms 40

Regeneration (acid) Unit 10

Robots (industrial) 10

S

Saddlery and Harness 10

Sale Yards (stock and station agents) 20

Sand/Coating System 10

Sauna and Spa (prefabricated type) 13 1/3

Saws bench and mitre, portable 7

Scaffolding:

   Aluminium 5

   Fibreglass 5

Steel 15

Scales (platform) 20

Security Systems:

   Bullet resistant screens (not forming part of the building) 20

   Burglar alarms 6 2/3

   Camera scanning (of type used in large retail establishments) 6 2/3

Sewing Machines 10

Sheds:

   Portable (nomadic type industry) 10

   Humidification 20

   Signage for business identification (including lighting for signs) 10

Silos:

   Bulk handling:

   Ancillary mechanical equipment 13 1/3

   Concrete construction 50

   Galvanised construction 30

   Steel construction 40

Sonar Supersonic Equipment (similar to seismic equipment) 13 1/3

Sound Processing System (electronic digital) 6 2/3

Spa (fibreglass) 20

Spectrometer (computerised x-ray system for mineral analysis) 10

Spray Booth 6 2/3

Standards:

   Iron or steel (including brackets, cross arms, etc) 40

   Concrete, brick or stone 100

Steam Cleaners 13 1/3

Strapping Machines 10

Strongrooms (demountable) and strongroom doors 100

Stuffed Crocodiles 20

Suitcase 10

Swimming pool assets:

   Chlorinators 12

   Cleaning assets 7

   Filtration assets (including pumps) 12

   Heaters:

      Electric 15

      Gas 15

      Solar 20

   Swimming pools(used as plant in a business):

      Above-ground 10

      Concrete 50

      Fibreglass 20

Switchboards 20

Synthetic Lawn Surface 10

T

Tanks:

   Galvanised Iron:

      Bore water 10

      Rain water 20

   Reinforced concrete or masonry 50

   Underground 50

Tank Stands:

   Brick, stone or concrete 50

   Wood and/or iron 33 1/3

Tape Recorders 10

Tarpaulins (canvas or plastic) 6 2/3

Telephone Installations:

   Answering machines 6 2/3

   Car phone 6 2/3

   Cellular mobile 6 2/3

   Complete telephone system (comprising switchboards, instruments, cables etc) 20

      PABX computerised assets 10

   Public telephones 10

   Reservation system (data print) 20

   Telephone hand sets 10

Television Receivers:

   Generally 10

   Used for hire 6 2/3

Ticket Issuing Machines (public transport) 13 1/3

Tools (loose) 5

Tractors 12

Transport Cases (steel) 10

Turnstiles 20

V

Vacuum Cleaners (electric) 10

Vending Machine 5

Ventilation fans (excluding ducting, piping and vents) 20

W

Washing Machines 6 2/3

Waste Storage and Disposal Bins (industrial) 10

Water Assets:

   Bores 30

   Dams (including eath or rock fill and turkey nests) 40

   Effluent channels 40

   Effluent Recycle tanks 12

   Effluent sedimentation ponds 40

Irrigation Assets:

   Drip, micro spray or mini sprinkler systems:

      Above ground polyethylene pipes 10

      Drippers, micro sprays and mini sprinklers 5

      Control Systems 10

      Filtration systems 15

      Pumps 12

      Variable speed drives 15

   Irrigation earth channels 40

   Irrigators (including centre pivot, lateral and travelling gun:

      Fresh water 20

      Effluent 10

   Pumps:

      Bore Pumps, effluent and manure pumps 7

      Other 12

   Water mains:

      Aluminium 20

      Galvanised steel 25

      Polyethylene 15

      PVC 30

   Water Tanks:

      Concrete 30

      Galvanised steel 25

      Polyethylene 15

   Water troughs:

      Concrete 25

      Galvanised steel 15

      Polyethylene 10

   Windmills 30

Weighbridges 25

Weighing Machines 10

Welders:

Diesel 10

Electric 5

Welding Plant:

   Automatic (used at sea on construction of a submarine pipeline) 10

   Generally 20

Wells 40

Wheelbarrows 10

Windmills 20

Window blinds used in commercial buildings 20

Wrapping Machines 10

X

Y

Z

Links to Reference Web-sites
ATO - TR 2008/4 - Income Tax: Effective Life of Depreciating Assets (Applicable from 1 July 2008) (As at 25 June 2008)
ATO - TR 2006/15 - Effective Life of Depreciating Assets
ATO - Capital Allowances: Statutory Caps on the effective life of buses, light commercial vehicles, minibuses, trucks and truck trailers
ATO - Guide to Depreciating Assets 2007-08