ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
MINING:
Oil and gas extraction:
Assets used to manufacture condensate, crude oil, domestic gas, liquid natural gas (LNG) or liquid petroleum gas (LPG) but not if the manufacture occurs in an oil refinery
Control systems10 years20.00%10.00%1 Jul 2002
Domestic gas processing assets (including centrifugal compressor, column, gas turbine, heat exchanger, piping and turbo expander)30 years6.67%3.33%1 Jul 2002
Electricity generation assets - see Table A Electricity supply (26110 to 26400)
Flare towers for gas flares25 years8.00%4.00%1 Jul 2002
Fractionation train assets (including air coolers, columns, compressors, heat exchangers, piping and pumps)30 years6.67%3.33%1 Jul 2002
Hot water system assets17 ½ years11.43%5.71%1 Jul 2002
Instruments12 ½ years16.00%8.00%1 Jul 2002
LNG holding facility assets (including boil off gas compressors, cryogenic storage tanks, loading arms, pumps and tanks)30 years6.67%3.33%1 Jul 2002
LNG train assets (including centrifugal compressors, columns, cryogenic heat exchangers, gas turbine drivers and other heat exchangers)30 years6.67%3.33%1 Jul 2002
Stabiliser process assets (including columns, heat exchangers, pumps and reciprocating compressors)30 years6.67%3.33%1 Jul 2002
Storage and loading assets (including cryogenic storage tanks, jetties, loading arms, LPG chillers and pumps)30 years6.67%3.33%1 Jul 2002
Trunkline onshore terminal (TOT) assets:
Flash tanks20 years10.00%5.00%1 Jul 2002
Slugcatcher and associated piping30 years6.67%3.33%1 Jul 2002
Valves including control valves12 ½ years16.00%8.00%1 Jul 2002
MANUFACTURING:
Petroleum refining:
Assets used to manufacture condensate, crude oil, domestic gas, liquid natural gas (LNG) or liquid petroleum gas (LPG) but not if the manufacture occurs in an oil refinery - see Table A Oil and gas extraction (07000)
ELECTRICITY, GAS, WATER AND WASTE SERVICES:
Gas supply:
Gas transmission:
Gas pipeline LNG station assets30 years6.67%3.33%1 Jul 2002
TRANSPORT, POSTAL AND WAREHOUSING:
Water transport and support services:
Commercial vessels:
Tankers:
LNG and LPG30 years6.67%3.33%1 Jul 2009

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Source: TR 2022/1