Private ruling: Supply of business assets and going concern
Date of advice: 19 August 2016
Published: September 2016

Ruling: This ruling concerned whether the supplier's interest in a joint venture's business assets constitute an enterprise for the purposes of the supply of a going concern and whether the supplier will supply all the things necessary for the continued operation of the enterprise. | The Commissioner ruled that the interest constitutes an enterprise for the purposes of the supply of a going concern and the supplier has supplied all the things necessary for the continued operation of the enterprise.