ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
AGRICULTURE, FORESTRY AND FISHING:
Aquaculture:
Commercial vessels and support assets - see Table A Water transport and support services (48100 to 48200 and 52110 to 52190)
Fishing:
Fishing plant:
Commercial vessels and support assets - see Table A Water transport and support services (48100 to 48200 and 52110 to 52190)
MINING:
Hydrometallurgy and Pyrometallurgy assets:
Pressure vessels30 years6.67%3.33%1 Jul 2003
Oil and gas extraction:
Gas production assets:
Central production facility assets:
Gas compression and reinjection assets:
Generally (including piping, skid, vessels and assets used onshore)30 years6.67%3.33%1 Jul 2002
Major carbon steel vessels12 ½ years16.00%8.00%1 Jul 2002
Major stainless steel (or lined) vessels30 years6.67%3.33%1 Jul 2002
Tempered water system assets:
Piping and vessels30 years6.67%3.33%1 Jul 2002
Floating production storage and offloading (FPSO) vessels (incorporating mooring systems)20 years10.00%5.00%1 Jul 2002
Floating storage and offloading (FSO) vessels (incorporating mooring systems)20 years10.00%5.00%1 Jul 2002
Oil production assets:
Central production facility assets (excluding FPSOs):
Gas compression and reinjection assets:
Generally (including piping, skids, vessels and assets used onshore)15 years13.33%6.67%1 Jul 2002
Major carbon steel vessels12 ½ years16.00%8.00%1 Jul 2002
Tempered water system assets:
Piping and vessels15 years13.33%6.67%1 Jul 2002
Floating production storage and offloading (FPSO) vessels (incorporating mooring systems)20 years10.00%5.00%1 Jul 2002
Floating storage and offloading (FSO) vessels (incorporating mooring systems)20 years10.00%5.00%1 Jul 2002
Mineral sand mining:
Aeration assets (including aerators, attritioners, blowers and turbine impeller agitated vessels)20 years10.00%5.00%1 Jan 2003
MANUFACTURING:
Meat processing:
Cold storage assets:
Pressure vessels20 years10.00%5.00%1 Jul 2013
Oil and fat manufacturing:
Edible oil or fat, blended, modified, refined or solvent extracted manufacturing assets (including canola, safflower, soybean):
Support assets:
Tanks and vessels:
Bulk oil storage tanks30 years6.67%3.33%1 Jul 2012
Other:
Steel20 years10.00%5.00%1 Jul 2012
Stainless steel30 years6.67%3.33%1 Jul 2012
Grain mill product manufacturing:
Malt manufacturing assets:
Germination assets:
Vessels:
Concrete40 years5.00%2.50%1 Jul 2008
Rotating drums20 years10.00%5.00%1 Jul 2008
Stainless steel25 years8.00%4.00%1 Jul 2008
Steeping assets:
Steeping vessels:
Concrete40 years5.00%2.50%1 Jul 2008
Rotating drums20 years10.00%5.00%1 Jul 2008
Stainless steel25 years8.00%4.00%1 Jul 2008
Bakery product manufacturing (non-factory based):
Sugar milling assets:
Evaporation and crystallisation assets:
Seed vessels20 years10.00%5.00%1 Jul 2011
Prepared animal and bird feed manufacturing:
Pet food manufacturing assets:
Wet process assets:
Retort cooking vessels15 years13.33%6.67%1 Jul 2013
Other food product manufacturing n.e.c.:
Coffee processing assets:
Extraction and evaporation assets (including decanters, evaporators/finishers, flash vessels/stripping columns, pressure vessels/cells, separators/clarifiers, spray driers, strainers and wet scrubbers)20 years10.00%5.00%1 Jul 2012
Beer manufacturing (except non-alcoholic beer):
Brewing assets:
Whirlpool vessels25 years8.00%4.00%1 Jul 2008
Industrial gas manufacturing:
Industrial gas - manufacturing assets for specific gases:
Acetylene manufacturing assets (carbide process):
Acetylene purification assets (including cooling condensers, driers, purifier vessels and scrubbers)20 years10.00%5.00%1 Jul 2011
Basic organic chemical manufacturing:
Ethanol manufacturing assets:
Fermentation assets:
Yeast propagation vessels20 years10.00%5.00%1 Jul 2012
Yeast recovery assets (molasses feedstock):
Filtering assets (including feed tanks, filtering vessels and hydrocyclone systems)20 years10.00%5.00%1 Jul 2012
Basic inorganic chemical manufacturing:
Ammonia manufacturing assets:
Conversion and liquefaction assets:
Purge gas recovery systems (incorporating heat exchangers, membranes, packing, piping pumps and vessels)25 years8.00%4.00%1 Jul 2013
Ammonium nitrate manufacturing assets:
Nitric acid manufacturing assets:
Ammonia liquid filtering vessels (incorporating filters)25 years8.00%4.00%1 Jul 2013
Ammonia vapour filtering vessels (incorporating filters)20 years10.00%5.00%1 Jul 2013
Human pharmaceutical and medicinal product manufacturing:
Production assets:
Intermediate bulk containers, bins and vessels (including instruments, pipes, pumps and valves) used to hold and transfer formulations during various stages of production10 years20.00%10.00%1 Jan 2004
Cement manufacturing:
Storage, handling and packing assets:
Pressure vessels (other than air/shock blast units)25 years8.00%4.00%1 Jul 2011
Plaster product manufacturing:
Plasterboard and cornice manufacturing assets:
Plaster milling assets:
Hot pits:
Vessels20 years10.00%5.00%1 Jul 2011
Concrete product manufacturing:
Fibre cement building boards manufacturing assets:
Storage, preparation and mixing assets:
Batching vessels (including feeding vessels) (excluding silica thickener vessels)20 years10.00%5.00%1 Jul 2012
Storage tanks (including silica thickener vessels)25 years8.00%4.00%1 Jul 2012
Iron smelting and steel manufacturing:
Basic oxygen steelmaking (BOS) and electric arc furnace (EAF) steel making assets:
BOS vessels (incorporating motors, gearboxes, bull gear, vessel, torsion bar, lube pumps, pulse generators, tacho generators, brakes, limit switches, pressure switches and support structures)10 years20.00%10.00%1 Jul 2010
Heat shielding for vessels incorporating supports30 years6.67%3.33%1 Jul 2010
Alumina production:
Alumina manufacturing (including bauxite refining and calcined alumina manufacturing):
Clarification of liquor stream assets (including counter current washing tanks, flash tanks, lime burning assets, lime handling assets, lime slaking assets, settling tanks and other tanks and vessels)30 years6.67%3.33%1 Jan 2003
Digestion assets (including desilication tanks, digester vessels, flash tanks, heat exchangers, heaters, mills and trihydrate bauxite treatment assets)30 years6.67%3.33%1 Jan 2003
Precipitation assets (including classification assets, cooling towers, crystallisation assets, heat exchangers, tanks and vessels)30 years6.67%3.33%1 Jan 2003
WHOLESALE TRADE:
Petroleum product wholesaling:
LPG depot and terminal assets:
Depot and terminal storage vessels - aboveground and underground30 years6.67%3.33%1 Jul 2010
TRANSPORT, POSTAL AND WAREHOUSING:
Water transport and support services:
Commercial vessels:
Canoes10 years20.00%10.00%1 Jul 2009
Dinghies and punts (not longer than 6 metres)12 years16.67%8.33%1 Jul 2009
Fishing vessels (including trawlers, long liners, seiners, fin fish boats, pearling boats, lobster boats, aquaculture and other fishing boats):
Longer than 10 metres20 years10.00%5.00%1 Jul 2009
Not longer than 10 metres15 years13.33%6.67%1 Jul 2009
Houseboats20 years10.00%5.00%1 Jul 2009
Inflatable boats (excluding rigid hull inflatable boats)7 years28.57%14.29%1 Jul 2009
Jet skis4 years50.00%25.00%1 Jul 2009
Kayaks5 years40.00%20.00%1 Jul 2009
Offshore supply and support vessels20 years10.00%5.00%1 Jul 2009
Passenger vessels (including cruise vessels, skippered charter vessels, vehicle and passenger ferries, semi submersible vessels and water taxis):
Longer than 10 metres20 years10.00%5.00%1 Jul 2009
Not longer than 10 metres15 years13.33%6.67%1 Jul 2009
Pedal boats10 years20.00%10.00%1 Jul 2009
Pontoon boats (excluding pontoons or floating jetties used for storage or walkway only)15 years13.33%6.67%1 Jul 2009
Sail boats (not longer than 6 metres and including 'off the beach' boats)10 years20.00%10.00%1 Jul 2009
Ski boats10 years20.00%10.00%1 Jul 2009
Thrill boats (including jet boats)10 years20.00%10.00%1 Jul 2009
Trading ships:
Bulk carriers20 years10.00%5.00%1 Jul 2009
Cargo ships20 years10.00%5.00%1 Jul 2009
Container ships20 years10.00%5.00%1 Jul 2009
Roll on/roll off ships20 years10.00%5.00%1 Jul 2009
Tankers:
Oil and chemical20 years10.00%5.00%1 Jul 2009
LNG and LPG30 years6.67%3.33%1 Jul 2009
Work vessels (including barges, coastal supply boats, dredges, general work boats, landing craft, launches, lighters, line boats, pilot boats, runabouts and tug boats):
Longer than 10 metres20 years10.00%5.00%1 Jul 2009
Not longer than 10 metres15 years13.33%6.67%1 Jul 2009
Yachts and motor cruisers - bare boat charter (including monohulls, catamarans and trimarans)15 years13.33%6.67%1 Jul 2009
Support assets (acquired separately from the vessel):
Desalinators10 years20.00%10.00%1 Jul 2009
Hot water units:
Domestic5 years40.00%20.00%1 Jul 2009
Marine10 years20.00%10.00%1 Jul 2009
Lifting assets:
Hoists and winches:
Electric5 years40.00%20.00%1 Jul 2009
Hydraulic and mechanical10 years20.00%10.00%1 Jul 2009
Navigational and communication assets acquired separately from the vessel (including autopilots, chart plotters, depth sounders, GPS, radar systems and marine radios)5 years40.00%20.00%1 Jul 2009
Outboard motors5 years40.00%20.00%1 Jul 2009
Power supply assets:
Batteries (deep cycle)3 years66.67%33.33%1 Jul 2009
Generators (stand alone)10 years20.00%10.00%1 Jul 2009
Inverters6 years33.33%16.67%1 Jul 2009
Safety assets:
Emergency signalling assets (including EPIRBS)5 years40.00%20.00%1 Jul 2009
Life rafts10 years20.00%10.00%1 Jul 2009
Trailers8 years25.00%12.50%1 Jul 2009
OTHER SERVICES:
Other machinery and equipment repair and maintenance:
Agriculture, construction and mining heavy machinery and equipment repair and maintenance assets:
Workshop assets:
Oil recovery, service and treatment assets:
Collection vessels/tanks20 years10.00%5.00%1 Jul 2015

Disclaimer: While all the effort has been made to make this service as helpful as possible, this is free service and the author makes no warranties regarding the accuracy or completeness to any information on this website.

Source: TR 2022/1