diff --git a/go.mod b/go.mod
index 702eefc925..33a9ae611a 100644
--- a/go.mod
+++ b/go.mod
@@ -13,7 +13,7 @@ require (
 	github.com/fluxcd/cli-utils v0.36.0-flux.12
 	github.com/fluxcd/go-git-providers v0.22.0
 	github.com/fluxcd/helm-controller/api v1.1.0
-	github.com/fluxcd/image-automation-controller/api v0.39.0
+	github.com/fluxcd/image-automation-controller/api v0.40.0
 	github.com/fluxcd/image-reflector-controller/api v0.34.0
 	github.com/fluxcd/kustomize-controller/api v1.4.0
 	github.com/fluxcd/notification-controller/api v1.5.0
diff --git a/go.sum b/go.sum
index 4880a4dd70..39ceae48ae 100644
--- a/go.sum
+++ b/go.sum
@@ -158,8 +158,8 @@ github.com/fluxcd/go-git-providers v0.22.0 h1:THHUcCZkFQBWE5FlipRJMpUwA9v/Vj+tf9
 github.com/fluxcd/go-git-providers v0.22.0/go.mod h1:qkdWXdcA/9ILOkesIXB1rDtcvi3h1FgnmbCn84yYpTk=
 github.com/fluxcd/helm-controller/api v1.1.0 h1:NS5Wm3U6Kv4w7Cw2sDOV++vf2ecGfFV00x1+2Y3QcOY=
 github.com/fluxcd/helm-controller/api v1.1.0/go.mod h1:BgHMgMY6CWynzl4KIbHpd6Wpn3FN9BqgkwmvoKCp6iE=
-github.com/fluxcd/image-automation-controller/api v0.39.0 h1:Mjy9slElGc2D15F36EiMSVHgMiK11nktLkvX/TeV/1A=
-github.com/fluxcd/image-automation-controller/api v0.39.0/go.mod h1:4AFgeMTYkoj4rHdoGY+KhzuiY3MCRxoAuiH4V1Gl4P4=
+github.com/fluxcd/image-automation-controller/api v0.40.0 h1:AgObtp2/bnOraIkkzkAl5kJDmDsBMOx/wDPQd6Yv7Is=
+github.com/fluxcd/image-automation-controller/api v0.40.0/go.mod h1:jqFjp75nUHQBeZp2cj2GZYE08l6/4Fz20PBXo41XYyM=
 github.com/fluxcd/image-reflector-controller/api v0.34.0 h1:+0AGoaYzHYXzVDQO9xq2eGZKkPl81Bfz6xFI7rElBzs=
 github.com/fluxcd/image-reflector-controller/api v0.34.0/go.mod h1:C6742RYyZVt2KIyJv16lb4gYbsK+P1RGQeaQ8C8huec=
 github.com/fluxcd/kustomize-controller/api v1.4.0 h1:QReBAuNAlrAez4aLkbYjVlWDCIZABFsKPgRa9W05VCQ=
diff --git a/manifests/bases/image-automation-controller/kustomization.yaml b/manifests/bases/image-automation-controller/kustomization.yaml
index ba6975354d..94ecfe7e3e 100644
--- a/manifests/bases/image-automation-controller/kustomization.yaml
+++ b/manifests/bases/image-automation-controller/kustomization.yaml
@@ -1,8 +1,8 @@
 apiVersion: kustomize.config.k8s.io/v1beta1
 kind: Kustomization
 resources:
-- https://github.com/fluxcd/image-automation-controller/releases/download/v0.39.0/image-automation-controller.crds.yaml
-- https://github.com/fluxcd/image-automation-controller/releases/download/v0.39.0/image-automation-controller.deployment.yaml
+- https://github.com/fluxcd/image-automation-controller/releases/download/v0.40.0/image-automation-controller.crds.yaml
+- https://github.com/fluxcd/image-automation-controller/releases/download/v0.40.0/image-automation-controller.deployment.yaml
 - account.yaml
 transformers:
 - labels.yaml
diff --git a/manifests/crds/kustomization.yaml b/manifests/crds/kustomization.yaml
index b43fd9fe8a..53563c4c43 100644
--- a/manifests/crds/kustomization.yaml
+++ b/manifests/crds/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 - https://github.com/fluxcd/helm-controller/releases/download/v1.1.0/helm-controller.crds.yaml
 - https://github.com/fluxcd/notification-controller/releases/download/v1.5.0/notification-controller.crds.yaml
 - https://github.com/fluxcd/image-reflector-controller/releases/download/v0.34.0/image-reflector-controller.crds.yaml
-- https://github.com/fluxcd/image-automation-controller/releases/download/v0.39.0/image-automation-controller.crds.yaml
+- https://github.com/fluxcd/image-automation-controller/releases/download/v0.40.0/image-automation-controller.crds.yaml