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Edited version of your written advice
Authorisation Number: 1013064251897
Date of advice: 19 August 2016
Ruling
Subject: Supply of business assets and going concern
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.