Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 17/26)
Character Range: 1274177–1277041

ending when the original judgment is finalised.
 (2) For the purposes of subsection (1), an original judgment is finalised at whichever of the following times is applicable:
 (a) if the period for lodging an appeal against either the original judgment or a subsequent related judgment ends without an appeal being lodged—the end of the period;
 (b) if an appeal from either the original judgment or a subsequent related judgment is lodged and final judgment on the appeal is given by, or entered in, a court—when the final judgment takes effect;
 (c) if an appeal from either the original judgment or a subsequent related judgment is lodged but is settled or discontinued—when the settlement or discontinuance takes effect.
 (3) For the purposes of paragraph (2)(b), a judgment is a final judgment if:
 (a) no appeal lies against the judgment; or
 (b) leave to appeal against the judgment has been refused.

51‑60  Prime Minister's Prizes
 (1) To the extent that the Prime Minister's Prize for Australian History would otherwise be assessable income, it is exempt from income tax.
 (2) To the extent that the Prime Minister's Prize for Science would otherwise be assessable income, it is exempt from income tax.
 (3) To the extent that a Prime Minister's Literary Award would otherwise be assessable income, it is exempt from income tax.

51‑100  Shipping
 (1) An entity's *ordinary income *derived during an income year (the present year), or *statutory income for the present year, is exempt from income tax to the extent that it is from *shipping activities that:
 (a) relate to a vessel for which the entity has a *shipping exempt income certificate for the present year; and
 (b) take place on a day (a certified day) to which the certificate applies.
Note: For the days to which the certificate applies, see subsection 8(5) of the Shipping Reform (Tax Incentives) Act 2012.
 (2) Subsection (1) does not apply to *ordinary income *derived from, or *statutory income from, *incidental shipping activities relating to the vessel if:
where:
total core shipping income means the sum of the entity's:
 (a) *ordinary income *derived from *core shipping activities relating to the vessel on the certified days (see paragraph (1)(b)); and
 (b) *statutory income from those activities on those days.
total incidental shipping income means the sum of the entity's:
 (a) *ordinary income *derived from *incidental shipping activities relating to the vessel on the certified days (see paragraph (1)(b)); and
 (b) *statutory income from those activities on those days.

51‑105  Shipping activities
  Shipping activities are *core shipping activities or *incidental shipping activities.

51‑110  Core shipping activities
 (1) Core shipping activities are activities directly involved in operating a vessel to carry *shipping cargo or *shipping passengers for consideration.