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
Petroleum exploration services:
Exploration assets used offshore:
Down hole geophysics units - skid mounted10 years20.00%10.00%1 Jan 2007
Drill strings3 years66.67%33.33%1 Jan 2007
Offshore drilling rigs (including blow out preventers, drilling fluid circulation systems, hoisting and rotary systems, platforms, rig powering and transmissions)20 years10.00%5.00%1 Jan 2007
Exploration assets used onshore:
Down hole geophysics units - truck mounted12 years16.67%8.33%1 Jan 2007
Drill strings4 years50.00%25.00%1 Jan 2007
Onshore surface drilling rigs (including blow out preventers, derricks, drilling fluid circulation systems, hoisting and rotary systems, rig powering and transmissions)15 years13.33%6.67%1 Jan 2007
Portable messing and sleeping huts7 years28.57%14.29%1 Jan 2007
Seismic survey assets:
Airguns5 years40.00%20.00%1 Jan 2007
Hydrophones5 years40.00%20.00%1 Jan 2007
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)
Oil refinery assets:
Assets used in acid, caustic or clay treating, alkylation, polymerisation or sour water stripping15 years13.33%6.67%1 Jul 2002
Assets used in sulphur recovery:
Generally15 years13.33%6.67%1 Jul 2002
Sulphur pits10 years20.00%10.00%1 Jul 2002
Assets used in other processes:
Air compressors30 years6.67%3.33%1 Jul 2002
Catalyst regenerators20 years10.00%5.00%1 Jul 2002
Chemical injection systems5 years40.00%20.00%1 Jul 2002
Coke drums20 years10.00%5.00%1 Jul 2002
Distillation columns30 years6.67%3.33%1 Jul 2002
Drums:
Generally20 years10.00%5.00%1 Jul 2002
Used in amine treating, bitumen blowing, potassium carbonate treating or vacuum distillation15 years13.33%6.67%1 Jul 2002
Electric desalters25 years8.00%4.00%1 Jul 2002
Expansion turbines25 years8.00%4.00%1 Jul 2002
Fans/blowers30 years6.67%3.33%1 Jul 2002
Filters/coalescers:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating, continuous coking, delayed coking, potassium carbonate treating, visbreaking or vacuum distillation20 years10.00%5.00%1 Jul 2002
Flare stacks25 years8.00%4.00%1 Jul 2002
Flare tips5 years40.00%20.00%1 Jul 2002
Fractionating columns30 years6.67%3.33%1 Jul 2002
Furnaces:
Generally25 years8.00%4.00%1 Jul 2002
Used in continuous coking, delayed coking or visbreaking20 years10.00%5.00%1 Jul 2002
Gas absorbers:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating or potassium carbonate treating20 years10.00%5.00%1 Jul 2002
Gas adsorbers25 years8.00%4.00%1 Jul 2002
Heat exchangers:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating, bitumen blowing, catalytic de-waxing, continuous coking, delayed coking, hydrodesulphurisation, hydrotreating, potassium carbonate treating, vacuum distillation or visbreaking20 years10.00%5.00%1 Jul 2002
Jet ejectors20 years10.00%5.00%1 Jul 2002
Liquid extraction columns:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating20 years10.00%5.00%1 Jul 2002
Piping30 years6.67%3.33%1 Jul 2002
Process gas compressors30 years6.67%3.33%1 Jul 2002
Pumps:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating, bitumen blowing, catalytic de-waxing, continuous coking, delayed coking, potassium carbonate treating, vacuum distillation or visbreaking20 years10.00%5.00%1 Jul 2002
Reactors25 years8.00%4.00%1 Jul 2002
Rotary filters20 years10.00%5.00%1 Jul 2002
Scrubbers25 years8.00%4.00%1 Jul 2002
Side stream strippers25 years8.00%4.00%1 Jul 2002
Storage tanks:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating, merox extraction, merox sweetening or potassium carbonate treating20 years10.00%5.00%1 Jul 2002
Strippers:
Generally25 years8.00%4.00%1 Jul 2002
Used in amine treating or potassium carbonate treating20 years10.00%5.00%1 Jul 2002
Bunds (other than formed with earth)100 years2.00%1.00%1 Jan 2001
Control systems assets (excluding computers)10 years20.00%10.00%1 Jul 2002
Effluent separators (concrete)40 years5.00%2.50%1 Jan 2001
Laboratory equipment20 years10.00%5.00%1 Jan 2001
Basic organic chemical manufacturing:
Ethanol manufacturing assets:
Support and other assets:
Tanks:
Ethanol and petroleum tanks:
Stainless steel30 years6.67%3.33%1 Jul 2012
Other25 years8.00%4.00%1 Jul 2012
WHOLESALE TRADE:
Petroleum product wholesaling:
Bulk fuel regional depot assets (excluding LPG assets):
Cathodic protection systems:
Sacrificial anode10 years20.00%10.00%1 Jul 2010
Impressed current20 years10.00%5.00%1 Jul 2010
Effluent treatment system (incorporating pumps, motors and electronic circuitry)15 years13.33%6.67%1 Jul 2010
Electric pumps10 years20.00%10.00%1 Jul 2010
Hoses2 years100.00%50.00%1 Jul 2010
Loading gantries and racks (incorporating meters and metering systems)15 years13.33%6.67%1 Jul 2010
Petroleum product storage tanks - fibreglass and steel20 years10.00%5.00%1 Jul 2010
Rigid fuel tank truck assets:
Aluminium tanks or barrels10 years20.00%10.00%1 Jul 2010
Filters5 years40.00%20.00%1 Jul 2010
Metering systems5 years40.00%20.00%1 Jul 2010
Overfill protection systems10 years20.00%10.00%1 Jul 2010
Pumping systems:
Guns and nozzles3 years66.67%33.33%1 Jul 2010
Hose reels7 years28.57%14.29%1 Jul 2010
Hoses2 years100.00%50.00%1 Jul 2010
Hydraulically driven pumps8 years25.00%12.50%1 Jul 2010
Pipes and fittings10 years20.00%10.00%1 Jul 2010
Tailgate loaders15 years13.33%6.67%1 Jul 2010
Single or multi product gasoline and diesoline dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles and steel cabinets and, where applicable, vapour recovery monitoring and collection systems)10 years20.00%10.00%1 Jul 2010
Single or multi product gasoline and diesoline pumps (incorporating pump units, meter, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems)10 years20.00%10.00%1 Jul 2010
Submersible turbine pumps8 years25.00%12.50%1 Jul 2010
Underground distribution piping systems (incorporating pipes, fittings and manholes) fibreglass and steel20 years10.00%5.00%1 Jul 2010
Bulk fuel terminal assets (excluding LPG assets):
Automatic tank gauges10 years20.00%10.00%1 Jul 2010
Effluent treatment systems (incorporating air pump, pipes, separator and tank)10 years20.00%10.00%1 Jul 2010
Fire protection systems (incorporating auxiliary monitors, fire and UV detectors, fire indicator anels, fire retardant lines and foam storage tank)15 years13.33%6.67%1 Jul 2010
Hoses2 years100.00%50.00%1 Jul 2010
Loading and unloading arms (incorporating balance mechanisms, couplers, drop hoses and swivels)10 years20.00%10.00%1 Jul 2010
Marketing pumps7 years28.57%14.29%1 Jul 2010
Meters and metering systems7 years28.57%14.29%1 Jul 2010
Overfill protection systems10 years20.00%10.00%1 Jul 2010
Product piping (steel)20 years10.00%5.00%1 Jul 2010
Terminal automation equipment10 years20.00%10.00%1 Jul 2010
Vapour recovery units15 years13.33%6.67%1 Jul 2010
LPG depot and terminal assets:
Automatic tank gauges10 years20.00%10.00%1 Jul 2010
Cathodic protection systems:
Sacrificial anode10 years20.00%10.00%1 Jul 2010
Impressed current20 years10.00%5.00%1 Jul 2010
Depot and terminal storage vessels - aboveground and underground30 years6.67%3.33%1 Jul 2010
Electronic scales10 years20.00%10.00%1 Jul 2010
Forklift fuel tanks:
Galvanised steel or steel tanks coated with zinc rich enamel15 years13.33%6.67%1 Jul 2010
Aluminium tanks12 years16.67%8.33%1 Jul 2010
Hoses5 years40.00%20.00%1 Jul 2010
In-situ permanently installed cylinders30 years6.67%3.33%1 Jul 2010
Leak detection systems8 years25.00%12.50%1 Jul 2010
Leisure market cylinders (4.5 and 9 kgs capacity)15 years13.33%6.67%1 Jul 2010
Loading arms:
Terminal10 years20.00%10.00%1 Jul 2010
Marine25 years8.00%4.00%1 Jul 2010
LPG fleet refuelling facility:
Dispenser10 years20.00%10.00%1 Jul 2010
Guns and nozzles3 years66.67%33.33%1 Jul 2010
Hoses5 years40.00%20.00%1 Jul 2010
Meters7 years28.57%14.29%1 Jul 2010
Piping20 years10.00%5.00%1 Jul 2010
Pump sets10 years20.00%10.00%1 Jul 2010
Storage tanks30 years6.67%3.33%1 Jul 2010
Valves10 years20.00%10.00%1 Jul 2010
LPG tank truck assets:
LPG storage tanks20 years10.00%5.00%1 Jul 2010
Metering systems7 years28.57%14.29%1 Jul 2010
Pumping systems:
Guns and nozzles3 years66.67%33.33%1 Jul 2010
Hoses5 years40.00%20.00%1 Jul 2010
Hose reels7 years28.57%14.29%1 Jul 2010
Pipes and fittings7 years28.57%14.29%1 Jul 2010
Pumps7 years28.57%14.29%1 Jul 2010
Valves7 years28.57%14.29%1 Jul 2010
Product piping systems:
Pipes20 years10.00%5.00%1 Jul 2010
Valves10 years20.00%10.00%1 Jul 2010
Pumps7 years28.57%14.29%1 Jul 2010
Stillages5 years40.00%20.00%1 Jul 2010
Vapour recovery units and vapour compressors7 years28.57%14.29%1 Jul 2010
Weighbridges25 years8.00%4.00%1 Jul 2010

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Source: TR 2022/1