ATO depreciation rates for steel strip organic coating assets assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
12 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Accumulators (incorporating rolls, drive gear, winches and rope) | 17 years | 5.88% | 11.76% | 1 July 2025 |
| Banders | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Branders | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cooler and cooling assets | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Finishing assets | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Inspection assets | 17 years | 5.88% | 11.76% | 1 July 2025 |
| Payoff reels | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Primer and main coaters | 13 years | 7.69% | 15.38% | 1 July 2025 |
| Quench systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Re-coilers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Shears | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Stitchers | 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.