ATO Depreciation Rates 2023

Table A
NameEffective LifeDiminishing Value RatePrime Cost RateDate of Application
TRANSPORT, POSTAL AND WAREHOUSING:
Water transport and support services:
Commercial vessels:
Fishing vessels (including trawlers, long liners, seiners, fin fish boats, pearling boats, lobster boats, aquaculture and other fishing boats):
Longer than 10 metres20 years10.00%5.00%1 Jul 2009
Not longer than 10 metres15 years13.33%6.67%1 Jul 2009
Inflatable boats (excluding rigid hull inflatable boats)7 years28.57%14.29%1 Jul 2009
Pedal boats10 years20.00%10.00%1 Jul 2009
Pontoon boats (excluding pontoons or floating jetties used for storage or walkway only)15 years13.33%6.67%1 Jul 2009
Sail boats (not longer than 6 metres and including 'off the beach' boats)10 years20.00%10.00%1 Jul 2009
Ski boats10 years20.00%10.00%1 Jul 2009
Thrill boats (including jet boats)10 years20.00%10.00%1 Jul 2009
Work vessels (including barges, coastal supply boats, dredges, general work boats, landing craft, launches, lighters, line boats, pilot boats, runabouts and tug boats):
Longer than 10 metres20 years10.00%5.00%1 Jul 2009
Not longer than 10 metres15 years13.33%6.67%1 Jul 2009
Yachts and motor cruisers - bare boat charter (including monohulls, catamarans and trimarans)15 years13.33%6.67%1 Jul 2009
Airport operations and other air transport support services:
Airport assets:
Fire safety and rescue assets:
Rescue boats:
Aluminium20 years10.00%5.00%1 Jan 2003
Inflatable8 years25.00%12.50%1 Jan 2003
ARTS AND RECREATION SERVICES:
Amusement parks and centres operation and amusement and other recreational activities n.e.c.:
Marina operation:
Boat cradles10 years20.00%10.00%1 Jul 2002
Boat storage racks10 years20.00%10.00%1 Jul 2002

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Source: TR 2022/1