ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
RENTAL, HIRING AND REAL ESTATE SERVICES:
Residential property operators:
Security and monitoring assets:
Access control systems:
Readers:
Proximity7 years28.57%14.29%1 Jul 2004
Table B
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
Security and monitoring assets:
Access control systems:
Readers:
Proximity7 years28.57%14.29%1 Jul 2004

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Source: TR 2022/1