ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Wool scouring:
Wool and fleece scouring and carbonising assets:
Grease separators15 years13.33%6.67%1 Jul 2017
Iron smelting and steel manufacturing:
Hot strip mill assets:
Finishing mill assets:
Finishing mills (incorporating mill stands, side guides, strippers, screw downs, drive shafts, pinion boxes, main drive motors, transformers, loopers, grease systems, oil circulation systems, and hydraulic systems)20 years10.00%5.00%1 Jul 2010
HEALTH CARE AND SOCIAL ASSISTANCE:
Child care services:
Support assets:
Kitchen assets:
Grease traps10 years20.00%10.00%1 Jul 2020
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Oil and grease delivery systems:
Bunding:
Polyethylene (PE) pallets5 years40.00%20.00%1 Jul 2011
Rubber3 years66.67%33.33%1 Jul 2011
Distribution lines:
Polyethylene (PE)5 years40.00%20.00%1 Jul 2011
Rubber3 years66.67%33.33%1 Jul 2011
Steel10 years20.00%10.00%1 Jul 2011
Guns and pumps3 years66.67%33.33%1 Jul 2011
Reels:
Plastic3 years66.67%33.33%1 Jul 2011
Steel7 years28.57%14.29%1 Jul 2011
Tanks (including waste oil tanks)20 years10.00%5.00%1 Jul 2011
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Waste water recovery and treatment assets:
Grease traps10 years20.00%10.00%1 Jul 2015

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Source: TR 2022/1