ATO depreciation rates for surface mobile mining machines assets in the Mining 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 |
|---|---|---|---|---|
| Compressors | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Cranes | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Draglines | 30 years | 3.33% | 6.67% | 1 July 2025 |
| Electric rope shovels | 25 years | 4.00% | 8.00% | 1 July 2025 |
| Generators | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Lighting systems | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Rollers | 15 years | 6.67% | 13.33% | 1 July 2025 |
| Skid steer loader | 7 years | 14.29% | 28.57% | 1 July 2025 |
| Tailings dams | 20 years | 5.00% | 10.00% | 1 July 2025 |
| Tool carriers | 10 years | 10.00% | 20.00% | 1 July 2025 |
| Wheel loaders | 8 years | 12.50% | 25.00% | 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.