ATO depreciation rates for bins generally assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
7 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Boot washers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cages (including cardboard cages and pallet cages) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Clean-in-place (CIP) system assets (including pipes, pumps and tanks) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Contaminant detectors (including magnets, metal detectors and x-ray units) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Conveyors | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Plastic | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Stainless steel | 15 years | 6.67% | 13.33% | 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.