ATO depreciation rates for glass furnace 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 |
|---|---|---|---|---|
| Batch chargers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Brick lined | 40 years | 2.50% | 5.00% | 1 July 2025 |
| Furnace support assets (including bubbler systems and electro boost systems) | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Furnace tanks | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Inspection assets | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Lehr stackers | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Moulds | 2 years | 50.00% | 100.00% | 1 July 2025 |
| Regenerators and recuperators | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Steel | 12 years | 8.33% | 16.67% | 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.