ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Mineral exploration services:
Exploration assets:
Geophysical survey assets:
Airborne geophysical assets (including magnetometers, receivers and transmitters):
Aircraft demountable8 years25.00%12.50%1 Jan 2007
MANUFACTURING:
Human pharmaceutical and medicinal product manufacturing:
Raw material storage and dispensing assets:
Demountable strong rooms20 years10.00%5.00%1 Jan 2004
Ready-mixed concrete manufacturing:
Mobile concrete batching plants (incorporating bins, conveyors, tanks, hoppers and trailers, but excluding demountable plant)10 years20.00%10.00%1 Jul 2014
FINANCIAL AND INSURANCE SERVICES:
Banking, building society and credit union operations:
Safes:
Vaults (demountable or portable) and demountable strongrooms100 years2.00%1.00%1 Jul 2019
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Fences:
Wire mesh (demountable used for partitioning purposes, including portable electric fences)20 years10.00%5.00%1 Jul 2014
Partitions (demountable)20 years10.00%5.00%1 Jul 2005

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Source: TR 2022/1