ATO depreciation rates for refrigeration assets assets in the Agriculture, Forestry And Fishing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
7 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Insulation panels in cool or freezer rooms used in salt water environment | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Insulation panels used in cool rooms | 40 years | 2.50% | 5.00% | 1 July 2025 |
| Refrigeration generally | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Sea cages (incorporating rings, nets, ropes, anchors, weights and stanchions) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Trailers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Trolleys | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Weed mats | 5 years | 20.00% | 40.00% | 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.