ATO depreciation rates for binding assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
12 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Binders | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Building-in machines | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Casemakers | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Casing-in machines | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Comb binders (including ring wire binders and spiral binders) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Cutting machines (guillotines) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Die cutting machines | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Folding machines | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Glue binders | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Hole punching machines | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Sewing machines | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Stich liners | 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.