Document ID: chunk:federal_register_of_legislation:C2012A00057:clause:1_4:p1
Version: federal_register_of_legislation:C2012A00057
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/2)
Character Range: 2028–4988

4  At the end of Division 51
Add:

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.
 (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