ATO depreciation rates for plasterboard/cornice plant assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
19 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Air dryers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Bins (including weigh bins, but excluding concrete bins) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Chillers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Chillers (volumetric air-cooled) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Control systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Conveyors | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Dry end handling assets (including bookers, cascades, conveyors and stackers) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Dryers | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Dunnage assets used to make dunnage | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Dust extraction systems | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Forming line assets (including belt conveyors and roller conveyors) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Forming plates | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Forming station assets (excluding forming plates and pin mixers) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Hydropulpers | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Knives (used for plasterboard or cornice) | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Paper and tape assets (including creasers, magazines, splicing assets, tape rollers, tension stations and unwinders) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Pin mixers | 13 years | 7.69% | 15.38% | 1 July 2025 |
| Start-up pullers (used for cornice) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Wet-end-transfer assets (including conveyors, dryer in-feeds, turners) | 20 years | 5.00% | 10.00% | 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.