ATO depreciation rates for pumps assets in the Mining industry, under Income Tax (Effective Life of Depreciating Assets) Determination 2025 (LI 2025/20).
14 assets listed.
| Asset | Effective life | Prime cost rate | Diminishing value rate | Applicable from |
|---|---|---|---|---|
| Bore pumps Channel feed pumps and concentrator pond * 1 Jul 2021 pumps | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Generally | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Generally (including centrifugal pumps) | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Positive displacement pumps | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Primary intake pumps | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Tractors | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Trailers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Train loaders | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Trucks | 12 years | 8.33% | 16.67% | 1 July 2025 |
| Tunnel vent or exhaust fans | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Valves and other non pipe fittings | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Water recycling facility | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Water storage dams (including fire services dams and water storage dams generally) | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Water storage tanks | 30 years | 3.33% | 6.67% | 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.