ATO depreciation rates for rigid fuel tank truck assets assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
14 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Aluminium tanks or barrels | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Filters | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Guns and nozzles | 3 years | 33.33% | 66.67% | 1 July 2025 |
| Hose reels | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Hoses | 2 years | 50.00% | 100.00% | 1 July 2025 |
| Hydraulically driven pumps | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Metering systems | 5 years | 20.00% | 40.00% | 1 July 2025 |
| Overfill protection systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Pipes and fittings | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Single or multi product gasoline and diesoline dispensers (incorporating meters, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles and steel cabinets and, where applicable, vapour recovery monitoring and collection systems) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Single or multi product gasoline and diesoline pumps (incorporating pump units, meter, electronic circuitry, LCD displays, cash presets, hoses, automatic nozzles, steel cabinets and, where applicable, vapour recovery monitoring and collection systems) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Submersible turbine pumps | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Tailgate loaders | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Underground distribution piping systems (incorporating pipes, fittings and manholes) fibreglass and steel | 20 years | 5.00% | 10.00% | 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.