ATO depreciation rates for textile manufacturing assets in the Manufacturing industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
11 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Assembly and sub-assembly assets generally (including assembly machines, balancing machines, bearing shell detection assets, crank and piston spin test machines, oil filling machines etc) | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Cold levellers (incorporating motor, gearbox spindles, hydraulic traverse cylinders, fill-in table rolls, motor, gearbox, rolls and catenaries) | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Extruders and depositors (including egg spinners, fingers, formers, frozen cone, sheeting slab and slit, truffle rollers etc) | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Gins Weaving machinery (silk and cotton) 131/3 1 Jan 2001 | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Hot levellers (incorporating motors, gearboxes, spindles, rolls, leveller AGC capsules, screws, crowning device, de-scaling header and valves) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Reversing finishing mill (incorporating housing, side guides and covers, guards, motors, drives, spindles, water sprays, gearboxes, screw down, spindles, AGC capsules, hydraulics, mill de-scaling, filler plates, and oil systems within the mill) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Reversing roughing mill (incorporating housing, side guides and covers, guards, motors, drives, spindles, water sprays, gearboxes, screw down, spindles, AGC capsules, hydraulics, mill de-scaling, filler plates, and oil systems within the mill) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Sanders (including belt sanders, drum sanders, edge sanders, spindle sanders etc) | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Spin chillers and immersion chillers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Spinal cord removal systems (incorporating hand pieces, vacuum pumps and tanks) | 8 years | 12.50% | 25.00% | 1 July 2025 |
| Spindle moulders | 10 years | 10.00% | 20.00% | 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.