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Edited version of your written advice
Authorisation Number: 1012861520103
Date of advice: 25 August 2015
Ruling
Subject: Supply of a going concern
In order to ensure that commercial confidentiality is maintained a summary of this private binding ruling is provided below.
Question 1
For the purposes of section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) is the assignment of an interest by A to B in accordance with a Deed the supply of a going concern which is GST-free?
Answer 1
Yes, for the purposes of section 38-325 of the GST Act the assignment of an interest by A to B in accordance with the Deed is the supply of a going concern which is GST-free.
Question 2
For the purposes of section 38-325 of the GST Act is the assignment of an interest by A to C in accordance with the Deed the supply of a going concern which is GST-free?
Answer 2
Yes, for the purposes of section 38-325 of the GST Act the assignment of an interest by A to C in accordance with the Deed is the supply of a going concern which is GST-free.
Question 3
For the purposes of section 38-325 of the GST Act is the assignment of an interest by A to D in accordance with the Deed the supply of a going concern which is GST-free?
Answer 3
Yes, for the purposes of section 38-325 of the GST Act the assignment of an interest by A to D in accordance with the Deed is the supply of a going concern which is GST-free.