ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Oil and gas extraction:
Gas production assets:
Central production facility assets:
Gas compression and reinjection assets:
Gas compressors used offshore10 years20.00%10.00%1 Jul 2002
Gas turbine drivers used offshore12 ½ years16.00%8.00%1 Jul 2002
Generally (including piping, skid, vessels and assets used onshore)30 years6.67%3.33%1 Jul 2002
Power turbines used offshore12 ½ years16.00%8.00%1 Jul 2002
Oil production assets:
Central production facility assets (excluding FPSOs):
Gas compression and reinjection assets:
Gas compressors used offshore10 years20.00%10.00%1 Jul 2002
Gas turbine drivers used offshore12 ½ years16.00%8.00%1 Jul 2002
Generally (including piping, skids, vessels and assets used onshore)15 years13.33%6.67%1 Jul 2002
Power turbines used offshore12 ½ years16.00%8.00%1 Jul 2002
MANUFACTURING:
Dairy product manufacturing:
Ancillary and support assets:
Air compression assets - see Table B Air compression assets
Fruit and vegetable processing:
Jam, pickles and sauces manufacturing assets:
Support assets:
Air compression assets (including air compressors, air dryers and air receivers)10 years20.00%10.00%1 Jul 2018
Grain mill product manufacturing:
Rice milling assets:
Support assets:
Air compressors - see Table B Air compression assets generally (including air compressors, air dryers and air receivers)
Bakery product manufacturing (non-factory based):
Sugar milling assets:
Support assets:
Air compression assets:
Air dryers12 years16.67%8.33%1 Jul 2011
Air receivers20 years10.00%5.00%1 Jul 2011
Compressors12 years16.67%8.33%1 Jul 2011
Packaged air compression systems12 years16.67%8.33%1 Jul 2011
Sugar refining assets:
Support assets:
Air compression assets:
Air dryers12 years16.67%8.33%1 Jul 2011
Air receivers20 years10.00%5.00%1 Jul 2011
Compressors12 years16.67%8.33%1 Jul 2011
Packaged air compression systems12 years16.67%8.33%1 Jul 2011
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:
Air compression assets:
Air dryers10 years20.00%10.00%1 Jul 2012
Air receivers20 years10.00%5.00%1 Jul 2012
Compressors and packaged air compression systems15 years13.33%6.67%1 Jul 2012
Tea processing assets:
Support assets:
Air compression assets (including air dryers, air receivers and compressors)12 years16.67%8.33%1 Jul 2012
Basic organic chemical manufacturing:
Ethanol manufacturing assets:
Support and other assets:
Air compression assets:
Air compressors15 years13.33%6.67%1 Jul 2012
Air drying and filtering systems12 years16.67%8.33%1 Jul 2012
Air receivers20 years10.00%5.00%1 Jul 2012
Basic inorganic chemical manufacturing:
Ammonia manufacturing assets:
Support assets:
Air compression assets (for industrial air and instrument air):
Air compressors (incorporating air drying and filtering assets)15 years13.33%6.67%1 Jul 2013
Air receivers20 years10.00%5.00%1 Jul 2013
Salt manufacturing and refining assets:
Air compressors - see Table B Air compression assets: Air compression assets generally (including air compressors, air dryers and air receivers)
Rigid and semi-rigid polymer product manufacturing:
Air compressor systems (incorporating compressor, drier and receiver) - see Table B Air compression assets generally (including air compressors, air dryers and air receivers)
Cement manufacturing:
Support assets:
Air compression assets:
Packaged air compressors (compressor, drier and receiver in one integrated unit)10 years20.00%10.00%1 Jul 2011
Other air compressor systems15 years13.33%6.67%1 Jul 2011
Aircraft manufacturing and repair services:
Air compression assets:
Generally (including air compressors, air dryers and air receivers) (excluding portable air compressors)13 years15.38%7.69%1 Jul 2020
Portable:
Reciprocating7 years28.57%14.29%1 Jul 2020
Rotary screw10 years20.00%10.00%1 Jul 2020
Wooden furniture and upholstered seat manufacturing:
Support assets:
Air compression assets - see Table B Air compression assets
INFORMATION MEDIA AND TELECOMMUNICATIONS:
Television broadcasting:
Audio effects units (including compression units, delay units, graphic equalisers and reverberation units)12 years16.67%8.33%1 Jul 2005
HEALTH CARE AND SOCIAL ASSISTANCE:
Hospitals:
Hospital assets:
Mechanical assist assets:
Calf and cuff compression devices8 years25.00%12.50%1 Jan 2003
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Air compression assets (including air dryers, air receivers, compressors and packaged air compression systems)10 years20.00%10.00%1 Jul 2015
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Air compression assets:
Air compression assets generally (including air compressors, air dryers and air receivers)15 years13.33%6.67%1 Jul 2014
Air compressors (portable):
Compressors - reciprocating7 years28.57%14.29%1 Jul 2014
Compressors - rotary screw10 years20.00%10.00%1 Jul 2014

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Source: TR 2022/1