ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Surface mobile mining machines:
Drill rigs (Production)10 years20.00%10.00%1 Jul 2002
Underground mobile mining machines:
Drill rigs:
Diamond20 years10.00%5.00%1 Jul 2002
Production7 years28.57%14.29%1 Jul 2002
Oil and gas extraction:
Gas production assets:
Central production facility assets:
Drill rigs10 years20.00%10.00%1 Jul 2002
Oil production assets:
Central production facility assets (excluding FPSOs):
Drill rigs10 years20.00%10.00%1 Jul 2002
Construction material mining:
Drill rigs8 years25.00%12.50%1 Jul 2003
Petroleum exploration services:
Exploration assets used offshore:
Drill strings3 years66.67%33.33%1 Jan 2007
Exploration assets used onshore:
Drill strings4 years50.00%25.00%1 Jan 2007
Mineral exploration services:
Exploration assets:
Drill rigs:
Surface (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmission and trucks)10 years20.00%10.00%1 Jan 2007
Underground5 years40.00%20.00%1 Jan 2007
Other mining support services:
Gas and oil mining support services (excluding offshore services):
Drilling assets:
Drill rigs10 years20.00%10.00%1 Jul 2018
Drill strings5 years40.00%20.00%1 Jul 2018
Mineral mining support services:
Surface drill rigs (production)10 years20.00%10.00%1 Jul 2017
MANUFACTURING:
Iron smelting and steel manufacturing:
Blast furnace assets:
Cast house assets:
Taphole drills15 years13.33%6.67%1 Jul 2010
Boiler, tank and other heavy gauge metal container manufacturing:
Sheet metal tanks manufacturing assets:
Drilling machines (including bench and radial drills)5 years40.00%20.00%1 Jul 2012
Motor vehicle manufacturing:
Bus and truck manufacturing assets (including bus vehicle body assembling assets and truck body manufacturing assets):
Press shop assets:
Drilling machines (bench drills, pedestal drills and pillar drills)12 years16.67%8.33%1 Jul 2011
Motor car engine assembly and manufacturing assets:
Ancillary and support assets:
Tooling assets:
Tooling (for drills, lathes, mills etc)3 years66.67%33.33%1 Jul 2012
Railway rolling stock manufacturing and repair services:
Assembly assets:
Drilling assets (including radial drills)10 years20.00%10.00%1 Jul 2014
Maintenance and refurbishment assets:
Drilling assets (including radial drills)10 years20.00%10.00%1 Jul 2014
Wooden furniture and upholstered seat manufacturing:
Tools:
Benchtop power tools (including biscuit/domino joiners, drill presses, jigsaws, laminate trimmers, mortisers, planners, routers, spindle sanders etc but excluding saws)5 years40.00%20.00%1 Jul 2022
Stationary machines:
Pedestal drills (drill presses)10 years20.00%10.00%1 Jul 2022
TRANSPORT, POSTAL AND WAREHOUSING:
Airport operations and other air transport support services:
Airport assets:
Fire safety and rescue assets:
Drills, air powered10 years20.00%10.00%1 Jan 2003
HEALTH CARE AND SOCIAL ASSISTANCE:
Hospitals:
Hospital assets:
Surgical instruments:
Powered instruments (including drills, saws, shavers, non-disposable instrument accessories and power sources)7 years28.57%14.29%1 Jan 2003
Podiatry services:
Podiatrists' assets:
Electric nail drills:
Dust extraction drills7 years28.57%14.29%1 Jul 2003
Portable dust extraction drills5 years40.00%20.00%1 Jul 2003
Water and alcohol based spray drills4 years50.00%25.00%1 Jul 2003
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Drill presses15 years13.33%6.67%1 Jul 2011
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Drilling machines (including drill presses, magnetic drills, pedestal drills and radial arm drills)10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1