Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2004 (No. 4) (Cth)

Income Tax (Effective Life of Depreciating Assets) Amendment Determination  2004 (No. 4)

I, BRUCE WILLIAM QUIGLEY, Deputy Chief Tax Counsel, make this Determination under subsection 40-100(1) of the Income Tax Assessment Act 1997.

Dated 8 December 2004

(Signed)

Bruce William Quigley

Deputy Chief Tax Counsel

1. Name of Determination

This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination  2004 (No. 4).

1. Commencement

This Determination commences on 1 January 2005.

1. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2001

Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001.

Schedule 1        Amendments

(section 3)

ASSET LIFE (YEARS) REVIEWED DATE OF APPLICATION

[1]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200)

After

      Mobile switching centre hardware 10 * 1 Jul 2002

Insert

Satellite communication assets:
Communications satellites (geosynchronous orbit)	15	*	1 Jan 2005
High power amplifiers	12	*	1 Jan 2005
Multiplexers	10	*	1 Jan 2005
Satellite antennas:
Electronic components, external (including low noise amplifiers)	8	*	1 Jan 2005
Non-tracking antenna systems (incorporating data cables, dehydrators, pressurisation units, and wave guides)	8	*	1 Jan 2005
Tracking antenna systems (incorporating antenna tracking motors, controllers, data cables, dehydrators, gearboxes, pressurisation units and wave guides)	20	*	1 Jan 2005
Satellite earth station electronic assets (including bandwidth managers, decoders, demodulators downconverters, encoders, filters, modulators, receivers, transmitters and upconverters)	10	*	1 Jan 2005
Satellite telemetry and control systems	15	*	1 Jan 2005

[2]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200)

Omit

Equipment shelters (transportable) 25 * 1 Jul 2003

[3]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200), under the heading Microwave radio telecommunication assets

Omit

      Air-conditioning units 5 * 1 Jul 2004

[4]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200), under the heading Microwave radio telecommunication assets

Omit

Batteries, rectifiers	6	*	1 Jul 2004
Equipment shelter	25	*	1 Jul 2004

[5]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200), under the sub-heading Mobile telecommunications assets, Base station assets

Omit

             Air conditioners 5 * 1 Jul 2002

[6]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200)

Omit

Racks 20 * 1 Jul 2003

[7]           Table A, industry category COMMUNICATION SERVICES (71110 to 71200), sub-category Telecommunication services (71200)

After

      Satellite telemetry and control systems 15 * 1 Jan 2005

Insert

Telecommunications assets:
Air-conditioning units	5	*	1 Jul 2002
Batteries, rectifiers	6	*	1 Jul 2002
Racks	20	*	1 Jul 2003
Equipment shelters (transportable)	25	*	1 Jul 2003

[8]          Table A, industry category ELECTRICITY, GAS AND WATER SUPPLY (36100 to 37020)

Omit

Water supply, sewerage and drainage services (37010 to 37020)
Moulds (steel moulds for the production of castings for sewage treatment plant)	5	1 Jan 2001
Sewage treatment plant	20	1 Jan 2001
Water mains	50	1 Jan 2001

[9]           Table A, industry category ELECTRICITY, GAS AND WATER SUPPLY (36100 to 37020), after sub–category Gas supply (36200)

Insert

Irrigation water providers (37010)
Channel regulators	80	*	1 Jan 2005
Cranes (including gantries)	40	*	1 Jan 2005
Dams and weirs ((incorporating gates and actuators) consisting of a barrier to obstruct the flow of water constructed from any or all of the following: concrete, earth and rockfill)	100	*	1 Jan 2005
Drain inlet	50	*	1 Jan 2005
Drainage channels (measured from the point of intersection with another drainage channel to the following intersection)	100	*	1 Jan 2005
Escapes	50	*	1 Jan 2005
Flow meters	20	*	1 Jan 2005
Irrigation channels (incorporating siphons and subways) measured from offtake or regulator to regulator:
Concrete	50	*	1 Jan 2005
Earth	80	*	1 Jan 2005
Measurement flumes	50	*	1 Jan 2005
Metered outlets:
Electronic	40	*	1 Jan 2005
Mechanical	50	*	1 Jan 2005
Piped	40	*	1 Jan 2005
Offtakes	80	*	1 Jan 2005
Pipes: measured from valve to valve, that are of the same age and same material (not being in the nature of a repair)	80	*	1 Jan 2005
Pump inlets	50	*	1 Jan 2005
Pump sets (incorporating switchboards, starters, motors and pumps)	40	*	1 Jan 2005
Reservoirs and tanks	80	*	1 Jan 2005
Valves	40	*	1 Jan 2005

Water Supply (37010)
Aerators and blowers	20	*	1 Jan 2005
Cathodic protection systems	20	*	1 Jan 2005
Chemical dosing pumps	25	*	1 Jan 2005
Pump sets (incorporating switch boards, starters, motors and pumps)	25	*	1 Jan 2005
Pressure reducing valves	25	*	1 Jan 2005
Valves (excluding pressure reducing valves)	30	*	1 Jan 2005
Raw water storage and supply assets:
Bores	30	*	1 Jan 2005
Dams and weirs	100	*	1 Jan 2005
Dam or weir intake structures	100	*	1 Jan 2005
Water treatment assets:
Balance tanks	80	*	1 Jan 2005
Bore water treatment assets:
Aerators and blowers	20	*	1 Jan 2005
Lime silos	50	*	1 Jan 2005
Batching tanks	80	*	1 Jan 2005
Lime pump sets (incorporating switch boards,                    starters, motors and pumps)	25	*	1 Jan 2005
Reactors	25	*	1 Jan 2005
Filtration tanks	80	*	1 Jan 2005
Backwash pumps	25	*	1 Jan 2005
Clear water tanks	80	*	1 Jan 2005
Sludge thickeners	50	*	1 Jan 2005
Drying beds	50	*	1 Jan 2005
Chemical blowers	15	*	1 Jan 2005
Chemical dosing systems	15	*	1 Jan 2005
Chemical feeders and hoppers	25	*	1 Jan 2005
Chemical mixers and blenders	25	*	1 Jan 2005
Chemical storage tanks	30	*	1 Jan 2005
Clarifiers (incorporating scrapers)	80	*	1 Jan 2005
Clear water tanks	80	*	1 Jan 2005
Dissolved air flotation systems	25	*	1 Jan 2005
Filtration tanks (incorporating scrapers)	80	*	1 Jan 2005
Flocculation tanks (incorporating scrapers)	80	*	1 Jan 2005
Inline mixers	15	*	1 Jan 2005
Pen-stops	25	*	1 Jan 2005
Raw water inlet screening systems	25	*	1 Jan 2005
Sludge treatment lagoons	50	*	1 Jan 2005
Wash water holding tanks	80	*	1 Jan 2005
Water mains: Being lengths of trunk, distribution and reticulation mains within a section, measured from valve to valve that are of the same age and same material (not being in the nature of a repair)	80	*	1 Jan 2005
Water supply pumping station detention tanks	80	*	1 Jan 2005
Reservoirs, elevated tanks and standpipes: whether made from steel or concrete	80	*	1 Jan 2005
Service connections:
Water meters	20	*	1 Jan 2005
Water supply control systems assets:
Air scour flow meters, level sensors, transmitters       and meters	10	*	1 Jan 2005
Chlorine analysers, mini labs, PH meters,       turbidity analysers and meters	7	*	1 Jan 2005
Flow meters	20	*	1 Jan 2005
Pressure sensors, transmitters and meters	10	*	1 Jan 2005
Telemetry (including modems and remote transfer       units)	10	*	1 Jan 2005
Variable speed drives	15	*	1 Jan 2005

Sewerage and Drainage Services (37020)
Chemical dosing pumps	25	*	1 Jan 2005
Pump sets (incorporating switch boards, starters,  motors and pumps)	25	*	1 Jan 2005
Sewage service connection assets:
Low pressure pumps	25	*	1 Jan 2005
Vacuum pumps	25	*	1 Jan 2005
Sewer mains: Being lengths of collection sewers measured from manhole to manhole (including branch, main, pressure, reticulation, sub-main and trunk sewers) (not being in the nature of a repair)	80	*	1 Jan 2005
Pressure reducing valves	25	*	1 Jan 2005
Valves (excluding pressure reducing valves)	30	*	1 Jan 2005
Sewage pump station assets:
Detention tanks	80	*	1 Jan 2005
Overflow screens	25	*	1 Jan 2005
Sewage treatment assets:
Air filtration systems	20	*	1 Jan 2005
Air scrubbers	10	*	1 Jan 2005
Chemical blowers	15	*	1 Jan 2005
Chemical feeders and hoppers	25	*	1 Jan 2005
Chemical mixers and blenders	25	*	1 Jan 2005
Chemical storage tanks	30	*	1 Jan 2005
Pen-stops	25	*	1 Jan 2005
Water storage tanks	80	*	1 Jan 2005
Screenings removal assets	25	*	1 Jan 2005
Grit removal assets	25	*	1 Jan 2005
Primary treatment assets:
Primary clarifiers (incorporating scrapers)	80	*	1 Jan 2005
Primary sedimentation lagoons	50	*	1 Jan 2005
Primary sedimentation tanks (incorporating                  scrapers and weirs)	80	*	1 Jan 2005
Scum collection and transfer systems	25	*	1 Jan 2005
Secondary treatment assets:
Biological nutrient removal (BNR) assets:
Aerators and blowers	20	*	1 Jan 2005
BNR tanks (incorporating mixed liquor                           stream, anoxic, anaerobic and swing zones                    and diffusers)	80	*	1 Jan 2005
Mixers	25	*	1 Jan 2005
Secondary clarifiers (incorporating scrapers)	80	*	1 Jan 2005
Secondary treatment lagoons	50	*	1 Jan 2005
Secondary treatment tanks (incorporating                     scrapers and weirs)	80	*	1 Jan 2005
Sequenced batch reactors	80	*	1 Jan 2005
Sludge aerators and blowers	80	*	1 Jan 2005
Tertiary treatment assets:
Backwash air blowers	20	*	1 Jan 2005
Chlorine contact tanks	80	*	1 Jan 2005
Filtration tanks	80	*	1 Jan 2005
Reverse osmosis assets:
Fine screening systems	15	*	1 Jan 2005
Micro filtration units	15	*	1 Jan 2005
Reverse osmosis membrane filtration units	10	*	1 Jan 2005
UV disinfectors	25	*	1 Jan 2005
Sludge processing assets:
Anaerobic digesters	80	*	1 Jan 2005
Anaerobic digester gas handling and blowing                    systems	25	*	1 Jan 2005
Anaerobic digester heating systems	25	*	1 Jan 2005
Bio-filters	80	*	1 Jan 2005
Dissolved air flotation systems	25	*	1 Jan 2005
Lime disinfection dosing units	25	*	1 Jan 2005
Sludge dewatering assets:
Belt presses	15	*	1 Jan 2005
Centrifuges	20	*	1 Jan 2005
Screw conveyors	25	*	1 Jan 2005
Screw presses	20	*	1 Jan 2005
Sludge driers	20	*	1 Jan 2005
Sludge heating units	20	*	1 Jan 2005
Sludge thickening tanks (incorporating scrapers)	80	*	1 Jan 2005
Methane gas and cogeneration assets (see Table A – Electricity supply 36100 and Gas supply  36200)
Dams:
Lined earth dams	100	*	1 Jan 2005
Dam covers	20	*	1 Jan 2005
Effluent outfalls:
Shoreline ocean	100	*	1 Jan 2005
Extended ocean	100	*	1 Jan 2005
River or estuary	100	*	1 Jan 2005
Sewerage control systems assets:
Chlorine residual analysers and PH meters	7	*	1 Jan 2005
Dissolved oxygen probes, level sensors,       transmitters and meters	10	*	1 Jan 2005
Flow meters	20	*	1 Jan 2005
Telemetry (including modems and remote transfer       units)	10	*	1 Jan 2005
Variable speed drives	15	*	1 Jan 2005

[10]         Table A, industry category MANUFACTURING (21110 to 29490)

Omit

Log sawmilling and timber dressing and Other wood product manufacturing (23110 to 23290)
Clothes peg manufacturing plant (wood)	131/3	1 Jan 2001
Case-making plant	131/3	1 Jan 2001
Cork manufacturers’ plant	10	1 Jan 2001
Frame (picture) manufacturing plant	131/3	1 Jan 2001
Joinery plant	131/3	1 Jan 2001
Moulding machinery (wood)	131/3	1 Jan 2001
Saw milling equipment:
Dry or planner mill plant:
Generally (includes multi saw/trimmer, pack                docker, planner/molder, resaw or optimiser                  docker, stress grader and tilt hoist)	10	*	1 Jan 2001
Stacker	15	*	1 Jan 2001
Tray sorter	15	*	1 Jan 2001
Green mill plant:
Edger line plant (includes board edger and                  resaw)	10	*	1 Jan 2001
Heating plant (includes storage bins/silos)	15	*	1 Jan 2001
Kiln drying plant:
Generally (includes kiln                       trolleys/carriages, traverser and weights)	10	*	1 Jan 2001
Timber drying kilns and reconditioners	15	*	1 Jan 2001
Main saw line plant (includes saws, chipper                 canter, board separator and cant turner)	10	*	1 Jan 2001
Sorter and trimming line plant:
Generally (includes grade mark reader                          and multi trimmer)	10	*	1 Jan 2001
Stackers	15	*	1 Jan 2001
Vertical bin sorters	15	*	1 Jan 2001
Log debarking plant (includes decks, carriages,              hydraulic grabs and fixed cranes, butt reducer,    debarker, kicker sorter and bins/pockets.)	10	*	1 Jan 2001
Log, lumber and waste transfer equipment	15	*	1 Jan 2001
Log yard equipment:
Fixed and mobile cranes	12	*	1 Jan 2001
Mobile equipment (including log loaders with                  log grabs)	7	*	1 Jan 2001
Watering systems	15	*	1 Jan 2001
Miscellaneous plant:
Generally (includes air compressors,                            extraction systems and pollution and air                        monitoring equipment)	10	*	1 Jan 2001
Moisture meters	3	*	1 Jan 2001
Saw and knife sharpening equipment	10	*	1 Jan 2001
Walkways	15	*	1 Jan 2001
Waste processing equipment:
Bins - waste, chip and fuel	15	*	1 Jan 2001
Chippers, shakers/screens and hoggers	10	*	1 Jan 2001
Wood working plant	131/3	1 Jan 2001

Substitute

Log sawmilling and timber dressing (23110 to 23130)
Saw milling equipment:
Dry or planner mill plant:
Generally (includes multi saw/trimmer, pack                docker, planner/molder, resaw or optimiser                  docker, stress grader and tilt hoist)	10	*	1 Jan 2001
Stacker	15	*	1 Jan 2001
Tray sorter	15	*	1 Jan 2001
Green mill plant:
Edger line plant (includes board edger and                  resaw)	10	*	1 Jan 2001
Heating plant (includes storage bins/silos)	15	*	1 Jan 2001
Kiln drying plant:
Generally (includes kiln                       trolleys/carriages, traverser and weights)	10	*	1 Jan 2001
Timber drying kilns and reconditioners	15	*	1 Jan 2001
Main saw line plant (includes saws, chipper                 canter, board separator and cant turner)	10	*	1 Jan 2001
Sorter and trimming line plant:
Generally (includes grade mark reader                          and multi trimmer)	10	*	1 Jan 2001
Stackers	15	*	1 Jan 2001
Vertical bin sorters	15	*	1 Jan 2001
Log debarking plant (includes decks, carriages,              hydraulic grabs and fixed cranes, butt reducer,    debarker, kicker sorter and bins/pockets)	10	*	1 Jan 2001
Log, lumber and waste transfer equipment	15	*	1 Jan 2001
Log yard equipment:
Fixed and mobile cranes	12	*	1 Jan 2001
Mobile equipment (including log loaders with                  log grabs)	7	*	1 Jan 2001
Watering systems	15	*	1 Jan 2001
Miscellaneous plant:
Generally (includes air compressors,                            extraction systems and pollution and air                        monitoring equipment)	10	*	1 Jan 2001
Moisture meters	3	*	1 Jan 2001
Saw and knife sharpening equipment	10	*	1 Jan 2001
Walkways	15	*	1 Jan 2001
Waste processing equipment:
Bins - waste, chip and fuel	15	*	1 Jan 2001
Chippers, shakers/screens and hoggers	10	*	1 Jan 2001

Other wood product manufacturing (23230 to 23290)
Clothes peg manufacturing plant (wood)	131/3	1 Jan 2001
Case-making plant	131/3	1 Jan 2001
Cork manufacturers’ plant	10	1 Jan 2001
Frame (picture) manufacturing plant	131/3	1 Jan 2001
Joinery plant	131/3	1 Jan 2001
Moulding machinery (wood)	131/3	1 Jan 2001
Wood working plant	131/3	1 Jan 2001

[11]         Table A, industry category MANUFACTURING (21110 to 29490), after sub–category, Log sawmilling and timber dressing (23110 to 23130)

Insert

Plywood and Veneer manufacturing (23210)
Debarking assets	15	*	1 Jan 2005
Dry clipping assets	25	*	1 Jan 2005
Heating unit assets	20	*	1 Jan 2005
Glue mixing assets	25	*	1 Jan 2005
Lay-up and glue spreading assets (including rollers, curtains, spray coaters and liquid and foam extruders)	25	*	1 Jan 2005
Log conditioning, heating and steaming assets	25	*	1 Jan 2005
Log sizing assets	20	*	1 Jan 2005
Log yard assets (see Log sawmilling and timber dressing (23110 to 23130), Saw milling equipment)
Materials handling assets (including belt, chain and screw conveyors)	20	*	1 Jan 2005
Packaging assets	20	*	1 Jan 2005
Presses	25	*	1 Jan 2005
Sanding and finishing assets	25	*	1 Jan 2005
Sharpening assets	30	*	1 Jan 2005
Trimming and sawing assets	25	*	1 Jan 2005
Veneer composing, jointing and splicing assets	20	*	1 Jan 2005
Veneer dryers	25	*	1 Jan 2005
Veneer patching and grading assets	20	*	1 Jan 2005
Veneer peeling and slicing assets (including rotary peelers, longitudinal, crosscut and staylog lathe slicers, log chargers and reelers)	20	*	1 Jan 2005
Veneer reconditioning assets	25	*	1 Jan 2005
Veneer sorting assets	20	*	1 Jan 2005
Wet clipping assets	25	*	1 Jan 2005

Fabricated wood manufacturing (23220)
Board coolers	25	*	1 Jan 2005
Board curing assets	20	*	1 Jan 2005
Board storage assets	25	*	1 Jan 2005
Chipping, milling and flaking assets	15	*	1 Jan 2005
Debarking assets	15	*	1 Jan 2005
Driers	15	*	1 Jan 2005
Fibre sifters	15	*	1 Jan 2005
Flake and fibre storage assets	25	*	1 Jan 2005
Glue, resin and wax mixing and blending assets	15	*	1 Jan 2005
Heat plant and boiler assets	25	*	1 Jan 2005
Lamination assets	15	*	1 Jan 2005
Log conditioning, heating and steaming assets	25	*	1 Jan 2005
Log sizing assets	20	*	1 Jan 2005
Log yard assets (see Log sawmilling and timber dressing (23110 to 23130), Saw milling equipment)
Magnetic separators	25	*	1 Jan 2005
Mat forming and weighing assets (including pendistor)	20	*	1 Jan 2005
Materials handling assets (including belt, chain and screw conveyors)	20	*	1 Jan 2005
Packaging assets	20	*	1 Jan 2005
Presses (including pre-presses and hot and cold presses)	25	*	1 Jan 2005
Quality measuring assets (including blow detectors, thickness detectors and weighing bridges)	15	*	1 Jan 2005
Refiner assets	20	*	1 Jan 2005
Sanding and finishing assets	25	*	1 Jan 2005
Trimming and sawing assets	25	*	1 Jan 2005
Ventilation and dust extraction assets	15	*	1 Jan 2005
Woodchip screening and washing assets	15	*	1 Jan 2005

[12]         Table A, industry category PERSONAL AND OTHER SERVICES (95110 to 97000), after sub–category Other personal services (95210 to 95291)

Insert

Waste disposal services (96340)
Garbage compactor trucks (including the compactor)	10	*	1 Jan 2005

[13]         Table B, items beginning with M

Omit

Buses, lorries and trucks:
Generally	62/3	1 Jan 2001
Heavy haulage of goods or passengers (long distance and inter-city)	5	1 Jan 2001
Heavy haulage (building and construction and road making industries)	5	1 Jul 2002

[14]         Table B, items beginning with M

Before

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

Insert

      Buses having a gross vehicle mass of more than 3.5 tonnes   15 * 1 Jan 2005

[15]         Table B, items beginning with M

After

Cars (motor vehicles designed to carry a load of less than one tonne or fewer than 9 passengers):
Taxis	4	1 Jan 2001

Insert

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	*	1 Jan 2005
Minibuses having a gross vehicle mass of 3.5 tonnes or less and designed to carry 9 or more passengers	12	*	1 Jan 2005

[16]         Table B, items beginning with M

After

      Motor cycles and scooters 6²/₃ 1 Jan 2001

Insert

Trailers having a gross vehicle mass greater than       4.5       tonnes	15	*	1 Jan 2005
Trailers having a gross vehicle mass of 4.5       tonnes or less	10	1 Jan 2005
Trucks having a gross vehicle mass greater than 3.5       tonnes (excluding off highway trucks used in mining)	15	*	1 Jan 2005
For Garbage compactor trucks see Table A,                 Personal and Other Services (95110 to 97000),              Waste disposal services (96340)

[17]         Table B, items beginning with T

Omit

      Computerised PABX equipment 20 1 Jan 2001

Substitute

      PABX computerised assets   10 * 1 Jan 2005

[18]         Table B, items beginning with T

Omit

Trailers   10 1 Jan 2001

[19]         Table B, items beginning with V

After

Vending machine    5 * 1 Jul 2001

Insert

Ventilation fans (excluding ducting, piping and vents) 20 1 Jan 2005