INCOME TAX ASSESSMENT ACT 1997
|CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION
Pt 2-15 (heading) substituted by No 66 of 2003.
Pt 2-15 inserted by No 121 of 1997.
Div 51 inserted by No 121 of 1997.
SECTION 51-110 Core shipping activities
Core shipping activities are activities directly involved in operating a vessel to carry *shipping cargo or *shipping passengers for consideration.
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.
Despite subsections (1) and (2), core shipping activities do not include an activity specified in regulations made for the purposes of this subsection.
S 51-110 inserted by No 57 of 2012, s 3 and Sch 1 item 4, applicable in relation to shipping activities that take place on or after 1 July 2012.