ATO depreciation rates for grain processing assets assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Galvanised steel | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Glass fused to steel | 50 years | 2.00% | 4.00% | 1 July 2025 |
| Receival pits and hoppers | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Roller mills | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Roughage processing assets (including tub rinders) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Sampling and testing assets | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Stainless steel | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Steam flaking chests | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Steam flaking surge bins | 15 years | 6.67% | 13.33% | 1 July 2025 |
The effective lives shown above are determined by the Commissioner of Taxation under section 40-100 of the Income Tax Assessment Act 1997. The diminishing value rate equals 200% ÷ effective life (for assets acquired on or after 10 May 2006). The prime cost rate equals 100% ÷ effective life. You may alternatively self-assess effective life — see the ATO website for guidance.