Leaving the sham company aside, you would not be liable for GST as the item's value is $937 - you do not include the cost of delivery into the GST amount as there is no product value there. The cost of the item (yes, ghost item here) is below $1000. The cost of delivery has nothing to do with the item value. Sorry Geoff, I believe you are mistaken. I have never paid GST on an imported item base on the item value and cost of delivery combined. Always only on the item's value.
If in any further doubt, contact Australian Customs.
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