ATO depreciation rates for bins assets in the Electricity, Gas, Water And Waste Services industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
20 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Bins generally (including metal bins) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Bulk fuel above ground tanks | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Bunkers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| CCTV and security systems | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Chippers and shredders | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Concrete crushing assets | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Control systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Domestic mobile bins (plastic) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Dust and odour control assets | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Excavators and front end loaders | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Fans | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Forklifts | 11 years | 9.09% | 18.18% | 1 July 2025 |
| Hook lifts on truck body | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Industrial mobile rubbish bins (metal) | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Industrial mobile rubbish bins (plastic) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Metal skips for hire | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Mobile bins (including rubbish bins) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Roll-on roll-off containers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Truck hoists | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Washing assets (including pressure washers) | 4 years | 25.00% | 50.00% | 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.