Income Tax Assessment Act 1997
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Hide history noteCore shipping activities are activities directly involved in operating a vessel to carry * shipping cargo or * shipping passengers for consideration.
51-110(2)
Without limiting subsection (1), core shipping activities include the following:
(a) carrying the * shipping cargo or * shipping passengers on the vessel;
(b) crewing the vessel;
(c) carrying goods on board for the operation of the vessel (including for the enjoyment of shipping passengers);
(d) providing the containers that carry shipping cargo on the vessel;
(e) loading shipping cargo onto, and unloading it from, the vessel;
(f) repacking shipping cargo to be carried on the vessel;
(g) providing temporary storage for shipping cargo just before or after its carriage on the vessel;
(h) providing space on board the vessel for carrying shipping cargo or shipping passengers;
(i) activities generating onboard income from shipping passengers of the vessel;
(j) providing shore excursions to shipping passengers of the vessel;
(k) transporting shipping cargo, or shipping passengers, between the vessel and the shore;
(l) providing administration and insurance services that are directly related to carrying shipping cargo or shipping passengers on the vessel;
(m) onboard selling of tickets on behalf of other entities to shipping passengers of the vessel;
(n) onboard advertising to shipping passengers of the vessel;
(o) providing quay-side services to shipping passengers that:
(i) are similar to those provided on the vessel; and
(ii) are provided from a floor area that does not exceed that from which similar services are provided on the vessel;
(p) providing car parking to individuals while they are shipping passengers on the vessel;
(q) making contracts solely to reduce the risk of financial loss from currency exchange rate fluctuations that directly relate to the operation of the vessel;
(r) an activity specified in regulations made for the purposes of this paragraph.
51-110(3)
Despite subsections (1) and (2), core shipping activities do not include an activity specified in regulations made for the purposes of this subsection.
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