ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Meat processing:
Cold storage assets:
Evaporators15 years13.33%6.67%1 Jul 2013
Rendering plant:
Waste heat evaporators15 years13.33%6.67%1 Jan 2001
Dairy product manufacturing:
Assets for dairy powder manufacturing:
Evaporators (including circulation/vacuum chamber and falling film)20 years10.00%5.00%1 Jul 2017
Fruit and vegetable processing:
Fruit juice and fruit juice drink manufacturing assets:
Evaporators (used in concentrate manufacture)20 years10.00%5.00%1 Jul 2010
Oil and fat manufacturing:
Edible oil or fat, blended, modified, refined or solvent extracted manufacturing assets (including canola, safflower, soybean):
Preparatory and extraction assets:
Solvent extraction system assets:
Distillation system assets (incorporating distillation columns, steam economisers, condensers, evaporators and oil strippers)30 years6.67%3.33%1 Jul 2012
Margarine and shortening processing assets:
Refrigeration assets (including compressors, condensers, evaporators and pumps)15 years13.33%6.67%1 Jul 2012
Bakery product manufacturing (non-factory based):
Sugar milling assets:
Evaporation and crystallisation assets:
Evaporators30 years6.67%3.33%1 Jul 2011
Sugar refining assets:
Evaporation and crystallisation assets:
Evaporators30 years6.67%3.33%1 Jul 2011
Other food product manufacturing n.e.c.:
Coffee processing assets:
Extraction and evaporation assets (including decanters, evaporators/finishers, flash vessels/stripping columns, pressure vessels/cells, separators/clarifiers, spray driers, strainers and wet scrubbers)20 years10.00%5.00%1 Jul 2012
Soft drink, cordial and syrup manufacturing:
Support assets:
Refrigeration assets (including compressors, cooling towers, condensers, evaporators and pumps)15 years13.33%6.67%1 Jul 2009
Beer manufacturing (except non-alcoholic beer):
Support assets:
Refrigeration assets (including compressors, condensers, evaporators and pumps)15 years13.33%6.67%1 Jul 2008
Wine and other alcoholic beverage manufacturing:
Support assets:
Refrigeration assets (including compressors, condensors, evaporators and storage tanks)15 years13.33%6.67%1 Jul 2008
Pulp, paper and converted paper product manufacturing:
Pulp and paper mill assets:
Pulp process assets:
Major assets (including bleaching towers, digesters, electrostatic precipitators, evaporators, lime kilns, pulp baling lines, recovery boilers, and strippers)20 years10.00%5.00%1 Jan 2002
Basic organic chemical manufacturing:
Ethanol manufacturing assets:
Stillage assets:
Distillers grain assets:
Evaporators25 years8.00%4.00%1 Jul 2012
Basic inorganic chemical manufacturing:
Ammonium nitrate manufacturing assets:
Ammonia nitrate solution manufacturing assets:
Evaporation assets:
Evaporators20 years10.00%5.00%1 Jul 2013
Iron smelting and steel manufacturing:
Coke making assets:
Coke ovens gas by-products assets:
Sulphate plant assets:
Feed tanks, evaporators, centrifuge units, conveyors (including belts, structures, drives and chutes, jet condensers, hot water tanks, driers including chutes, drives, and support structures, pumps, vibrating screens, cyclones, and scraper conveyors)10 years20.00%10.00%1 Jul 2009
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:
Compressors, condensers and evaporators10 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
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Refrigeration assets:
Compressors, condensers, evaporators etc15 years13.33%6.67%1 Jul 2014

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Source: TR 2022/1