His co-driver, Glenn Evans was checked at the scene by paramedics but was uninjured.
“This is a very sad time for the Targa community,” TARGA Australia CEO Mark Perry said.
“Shane was a much loved and admired member of our TARGA family. We send our heartfelt condolences to Shane’s family and friends on their loss.”
The road was blocked to southbound motorists and a report will be prepared for the coroner.