ATO depreciation rates for safes assets in the General industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
9 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Cash storage | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cash vending | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Cigarette safes | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Emergency shut off systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Facility signs | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Safes (portable) | 40 years | 2.50% | 5.00% | 1 July 2025 |
| Strongroom door and frame | 100 years | 1.00% | 2.00% | 1 July 2025 |
| Teller safes, counter safes and teller time-delay safes | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Vaults (demountable or portable) and demountable strongrooms | 100 years | 1.00% | 2.00% | 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.