ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Water assets:
Irrigation assets:
Drip, micro spray or mini sprinkler systems:
Above ground polyethylene (PE) pipes10 years20.00%10.00%1 Jul 2008
Drippers, micro sprays and mini sprinklers5 years40.00%20.00%1 Jul 2008
Control systems10 years20.00%10.00%1 Jul 2008
Filtration systems15 years13.33%6.67%1 Jul 2008
Pumps12 years16.67%8.33%1 Jul 2008
Variable speed drives (VSDs)15 years13.33%6.67%1 Jul 2008
Irrigation earth channels40 years5.00%2.50%1 Jul 2008
Irrigators (including centre pivot, lateral and travelling guns):
Fresh water20 years10.00%5.00%1 Jul 2008
Effluent10 years20.00%10.00%1 Jul 2008
MINING:
Oil and gas extraction:
Gas production assets:
Coal seam gas extraction assets:
Water assets:
Treated water irrigation assets - see Table A Agriculture, Forestry and Fishing (01110 to 05290), water assets
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Water supply:
Assets used by irrigation water providers:
Channel regulators80 years2.50%1.25%1 Jan 2005
Cranes (including gantries)40 years5.00%2.50%1 Jan 2005
Dams and weirs ((incorporating gates and actuators) consisting of a barrier to obstruct the flow of water constructed from any or all of the following: concrete, earth and rockfill)100 years2.00%1.00%1 Jan 2005
Drain inlet50 years4.00%2.00%1 Jan 2005
Drainage channels (measured from the point of intersection with another drainage channel to the following intersection)100 years2.00%1.00%1 Jan 2005
Escapes50 years4.00%2.00%1 Jan 2005
Flow meters20 years10.00%5.00%1 Jan 2005
Irrigation channels (incorporating siphons and subways) measured from offtake or regulator to regulator:
Concrete50 years4.00%2.00%1 Jan 2005
Earth80 years2.50%1.25%1 Jan 2005
Measurement flumes50 years4.00%2.00%1 Jan 2005
Metered outlets:
Electronic40 years5.00%2.50%1 Jan 2005
Mechanical50 years4.00%2.00%1 Jan 2005
Piped40 years5.00%2.50%1 Jan 2005
Offtakes80 years2.50%1.25%1 Jan 2005
Pipes: measured from valve to valve, that are of the same age and same material (not being in the nature of a repair)80 years2.50%1.25%1 Jan 2005
Pump inlets50 years4.00%2.00%1 Jan 2005
Pump sets (incorporating switchboards, starters, motors and pumps)40 years5.00%2.50%1 Jan 2005
Reservoirs and tanks80 years2.50%1.25%1 Jan 2005
Valves40 years5.00%2.50%1 Jan 2005

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Source: TR 2022/1