Stephen Adrian

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The Minister for Transport and Infrastructure Anthony Albanese MP yesterday introduced into Parliament 5 bills to reform Australian Shipping.

The Australian Government has released draft legislation to enact the tax reforms for the Australian Shipping Industry announced last year.

The reforms are part of a package intended to stimulate the industry and create an internationally competitive industry.

From 31 January 2012 if you do not register your interest, your security may be useless and title and ownership of goods you supply, or equipment you rent, may be lost.

The Personal Property Security Legislation is intended to create a simple online registration system for all security interests. It applies to goods but does not apply to land interests.


The Australian Government has announced significant reforms for the Australian Shipping Industry. The reforms are intended to stimulate the industry and create an internationally competitive industry.


Following the government’s announcement on the proposed Carbon Tax scheme from 1 July 2012, the rate of fuel tax credits on the acquisition of eligible fuel used in marine transport activities will be reduced. In 2012-3 the fuel credit for diesel used in marine transport will be reduced by more than 6 cents per litre.
The Australian Labour Government released a discussion paper on “Reforming Australia’s Shipping Industry”. The paper examines shipping and seafarers taxes, tonnage tax, International and Coastal Shipping
The Government today announced sweeping changes to Australian shipping policy designed to stimulate Australian shipping
Under section 40-65 the sale of residential premises is input taxed but only to the extent that the property is residential premises “to be used” predominantly for residential accommodation.

The meaning of “to be used” was debated in The Federal Court decision in Sunchen Pty Ltd vs Commissioner of Taxation [2010] FCA 21 (29 January 2010). It was held in that case that the future intention of the purchaser should determine the GST treatment of the sale.
On 7 October 2009, Tax Laws Amendment (2009 GST Administration Measures) Bill 2009 has been released by the Treasury in response to the Board of Taxation’s review of the legal framework for the administration of the GST.