26 Jun 088 Effective life of depreciating assets (applicable from 1 July 2008) - TR 2008/4This final Taxation Ruling was issued on 25 June 2008. It was not previously released in draft form. It replaces Taxation Ruling TR 2007/3 which is withdrawn on and from 1 July 2008. To the extent that the ATO views in the earlier Ruling still apply, they have been incorporated into the latest Ruling. Determinations of the effective life of depreciating assets made by the Commissioner are reproduced in Tables A and B of the attached schedule to TR 2008/4.
For a copy of TR 2008/4, go here
For a copy of TR 2007/3W, go here