ATO depreciation rates for general assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
11 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Bin tippers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Bins | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Conveyors (including elevators) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Drying tunnels | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Funeral coaches/hearses | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Fungicide units | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Mortuary cots/stretchers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Receival hoppers (including water dumps) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Tables (including packing and sorting tables) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Washing assets (including brush and barrel washers) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Waxing assets | 10 years | 10.00% | 20.00% | 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.