ATO depreciation rates for glass handling and storage assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
8 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Automated loaders and unloaders (used with automated cutting tables, laminating lines, toughening lines etc) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cranes (gantry and overhead) | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Racks (including A-frame racks, hydraulic concertina racks and freefall racks) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Steel grabs | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Straddle carriers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Trolleys | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Vacuum lifters and scissor grabs Vertical masts and other elevating work | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Vertical glass handlers (sideloaders, tuning forks) | 17 years | 5.88% | 11.76% | 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.