ATO depreciation rates for fuel storage assets assets in the Manufacturing 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 |
|---|---|---|---|---|
| Card reading systems | 6 years | 16.67% | 33.33% | 1 July 2025 |
| Dispensers (incorporating electronic circuitry, hoses, LCD displays, meters and nozzles) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hoppers (including weigh hoppers) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Mixers used in wet ready-mixed plants | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Mobile concrete batching plants (incorporating bins, conveyors, tanks, hoppers and trailers, but excluding demountable plant) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Pumps | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Silos | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Slump stands | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Tanks | 25 years | 4.00% | 8.00% | 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.