ATO depreciation rates for bulk handling assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
5 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Ancillary mechanical assets (including augers, bucket elevators, conveyors etc) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Concrete construction | 50 years | 2.00% | 4.00% | 1 July 2025 |
| Spas used as plant in a business (incorporating blowers, controls, filters, heaters and pumps) | 17 years | 5.88% | 11.76% | 1 July 2025 |
| Spray booths | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Steel construction | 40 years | 2.50% | 5.00% | 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.