ATO depreciation rates for laser levels assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
15 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Grade laying (dial-in grade) | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Laser plummets | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Laser scanners – 3D (high definition surveying) – ground LIDAR | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Laser scanners – vehicle mounted – ground LIDAR | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Libraries (professional) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| LIDAR (airborne) | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Lift slab assets (incorporating spreader bars, clutches, pulleys and cables) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Lifts (including dumbwaiters, hydraulic lifts and traction lifts) | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Light fittings and freestanding lights (excluding hardwired light fittings) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Light shades (removable) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Lighting control systems (microprocessor based) | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Line and plumb/point and cross line | 4 years | 25.00% | 50.00% | 1 July 2025 |
| Pipe laying | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Rotating | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Tunnelling and plumbing | 6 years | 16.67% | 33.33% | 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.