ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Dairy cattle farming:
Robotic milking system assets:
Milk chillers/plate coolers/energy recovery systems10 years20.00%10.00%1 Jul 2016
Aquaculture:
Cooling assets (including water chillers)10 years20.00%10.00%1 Jul 2007
MINING:
Oil and gas extraction:
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
Storage and loading assets (including cryogenic storage tanks, jetties, loading arms, LPG chillers and pumps)30 years6.67%3.33%1 Jul 2002
MANUFACTURING:
Meat processing:
Cold storage assets:
Chiller tunnels20 years10.00%5.00%1 Jul 2013
Chillers (incorporating pneumatic gates)15 years13.33%6.67%1 Jul 2013
Poultry processing:
Chilling assets:
Freezers (including blast tunnels, in-line air chillers, and spiral freezers)15 years13.33%6.67%1 Jul 2017
Spin chillers and immersion chillers15 years13.33%6.67%1 Jul 2017
Cured meat and smallgoods manufacturing:
Ancillary assets:
Chillers15 years13.33%6.67%1 Jul 2016
Dairy product manufacturing:
Ancillary and support assets:
Cooling assets:
Chillers15 years13.33%6.67%1 Jul 2016
Grain mill product manufacturing:
Malt manufacturing assets:
Refrigeration assets (including chillers, compressors, condensers, evaporative coolers and pumps)15 years13.33%6.67%1 Jul 2008
Cereal and pasta product manufacturing:
Ancillary assets:
Water chillers20 years10.00%5.00%1 Jul 2008
Pasta manufacturing assets:
Cooling assets (including chillers and coolers)10 years20.00%10.00%1 Jul 2008
Prepared animal and bird feed manufacturing:
Pet food manufacturing assets:
Wet process assets:
Chillers15 years13.33%6.67%1 Jul 2013
Other food product manufacturing n.e.c.:
Frozen pre-prepared food manufacturing assets (including frozen appetisers and finger foods such as dim sims and spring rolls, frozen french fries/potato chips, frozen pizzas and frozen pre-prepared meals):
Ancillary and support assets:
Refrigeration and freezing assets:
Chilled water systems generally (including chillers, condensers and cooling towers)15 years13.33%6.67%1 Jul 2012
Spirit manufacturing:
Support assets:
Chillers15 years13.33%6.67%1 Jul 2018
Basic organic chemical manufacturing:
Ethanol manufacturing assets:
Fermentation assets:
Chillers20 years10.00%5.00%1 Jul 2012
Stillage assets:
Distillers grain assets:
Cooling assets for dried distillers grain (including blowers and fans, chillers, ducting and other cooling assets)20 years10.00%5.00%1 Jul 2012
Basic inorganic chemical manufacturing:
Ammonia manufacturing assets:
Conversion and liquefaction assets:
Chillers, condensers, flash drums, receivers and separators25 years8.00%4.00%1 Jul 2013
Ammonium nitrate manufacturing assets:
Ammonium nitrate prill manufacturing assets:
Coating, cooling, drying and screening assets:
Chilling systems (incorporating chillers, ducting and piping)20 years10.00%5.00%1 Jul 2013
Rigid and semi-rigid polymer product manufacturing:
Chilled water plant (incorporating chiller, pipes, pumps etc)12 years16.67%8.33%1 Jul 2016
Plaster product manufacturing:
Plasterboard and cornice manufacturing assets:
Plasterboard/cornice plant assets:
Chillers (volumetric air-cooled)15 years13.33%6.67%1 Jul 2011
Ready-mixed concrete manufacturing:
Chillers15 years13.33%6.67%1 Jul 2014
Motor vehicle manufacturing:
Motor car engine assembly and manufacturing assets:
Ancillary and support assets:
Swarf and machining line coolant separation and refrigeration systems (incorporating coolant circulation pumps and tanks, outfeed extractors, refrigeration chiller packs, separators and swarf tote excavators)15 years13.33%6.67%1 Jul 2012
RETAIL TRADE:
Refrigeration assets:
Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators)10 years20.00%10.00%1 Jul 2014
Supermarket and grocery stores:
Refrigeration and freezing assets:
Freezers and refrigerators generally (including refrigeration cabinets and cases, standalone chillers, standalone freezers and standalone refrigerators)10 years20.00%10.00%1 Jul 2020
ACCOMMODATION AND FOOD SERVICES:
Cafes, restaurants, takeaway food services, pubs, taverns, bars and clubs (hospitality):
Refrigeration assets:
Generally (including blast chillers, condensers, evaporators, refrigeration cabinets, standalone freezers and standalone refrigerators)10 years20.00%10.00%1 Jul 2014
INFORMATION MEDIA AND TELECOMMUNICATIONS:
Electronic information storage services:
Data centre cooling assets:
Chillers15 years13.33%6.67%1 Jul 2017
RENTAL, HIRING AND REAL ESTATE SERVICES:
Residential property operators:
Assets generally:
Air conditioning assets (excluding ducting, pipes and vents):
Chillers:
Absorption25 years8.00%4.00%1 Jul 2003
Centrifugal20 years10.00%5.00%1 Jul 2003
Volumetrics (including reciprocating, rotary, screw, scroll):
Air-cooled15 years13.33%6.67%1 Jul 2003
Water-cooled20 years10.00%5.00%1 Jul 2003
HEALTH CARE AND SOCIAL ASSISTANCE:
Retirement village and accommodation for the aged operation:
Support assets:
Kitchen assets:
Blast chillers8 years25.00%12.50%1 Jul 2019
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Air-conditioning assets (excluding pipes, duct work and vents):
Chillers:
Absorption25 years8.00%4.00%1 Jul 2003
Centrifugal20 years10.00%5.00%1 Jul 2003
Volumetrics (including reciprocating, rotary, screw, scroll):
Air-cooled15 years13.33%6.67%1 Jul 2003
Water-cooled20 years10.00%5.00%1 Jul 2003

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Source: TR 2022/1