ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MANUFACTURING:
Plywood and veneer manufacturing:
Veneer peeling and slicing assets (including rotary peelers, longitudinal, crosscut, and staylog lathe slicers, log chargers and reelers)20 years10.00%5.00%1 Jan 2005
Iron smelting and steel manufacturing:
Hot strip mill assets:
Mill roll shop assets:
Roll lathes20 years10.00%5.00%1 Jul 2010
Non-ferrous metal casting:
Metal casting assets (non-ferrous e.g. aluminium, brass and magnesium):
Machining/finishing assets:
CNC lathes10 years20.00%10.00%1 Jan 2004
Steel coil roll forming, slitting and blanking and sheet metal forming:
Steel coil roll forming assets:
Support assets:
Engineering workshop assets:
CNC and NC lathes10 years20.00%10.00%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:
Lathes:
CNC lathes10 years20.00%10.00%1 Jul 2011
Conventional or non-CNC lathes15 years13.33%6.67%1 Jul 2011
Metal stamping and blanking assets:
Maintenance workshop and tool room assets:
Maintenance machines and tool room assets generally (including boring machines, folding machines, grinding machines, guillotines, hydraulic benders and presses, lapping machines, lathes, milling machines, NC machines and pipe threaders)15 years13.33%6.67%1 Jul 2012
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
Toolroom assets:
Tool grinding and maintenance machines (including boring machines, broach sharpening machines, grinding machines, guillotines, lapping machines, milling machines, toolroom lathes etc)15 years13.33%6.67%1 Jul 2012
Railway rolling stock manufacturing and repair services:
Assembly assets:
Lathes (including above floor and under floor wheel lathes)20 years10.00%5.00%1 Jul 2014
Maintenance and refurbishment assets:
Lathes (including above floor and under floor wheel lathes)20 years10.00%5.00%1 Jul 2014
Aircraft manufacturing and repair services:
Metal working precision machines (including automatic lathes, milling machines, jig borers)10 years20.00%10.00%1 Jul 2020
Photographic, optical and ophthalmic equipment manufacturing:
Optical lens grinding and contact lens manufacturing:
Surface lathes8 years25.00%12.50%1 Jul 2004
Other manufacturing n.e.c.:
Umbrella manufacturers' plant:
Lathes13 ⅓ years15.00%7.50%1 Jan 2001
OTHER SERVICES:
Automotive repair and maintenance:
Automotive and heavy vehicle repair and maintenance assets:
Brake disc and drum grinding lathes:
Fixed10 years20.00%10.00%1 Jul 2011
Portable on-car5 years40.00%20.00%1 Jul 2011
Lathes20 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:
Field service assets:
Lathes5 years40.00%20.00%1 Jul 2015
Workshop assets:
Lathes:
CNC lathes10 years20.00%10.00%1 Jul 2015
Manual lathes20 years10.00%5.00%1 Jul 2015
Tooling:
Tooling for lathes, machining centres, milling machines and other machine tools7 years28.57%14.29%1 Jul 2015
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Machine tools (grinding machines, lathes, milling machines etc):
CNC and NC based machines10 years20.00%10.00%1 Jul 2014
Conventional or manual machines20 years10.00%5.00%1 Jul 2014

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Source: TR 2022/1