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Will the supply of your interest in the assets be a GST-free supply of a going concern for the purposes of section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?

The supply will be a GST-free supply of going concern under section 38-325 of the GST Act.

You are registered for GST.

A New Tax System (Goods and Services Tax) Act 1999 section 9-20 A New Tax System (Goods and Services Tax) Act 1999 section 38-325 A New Tax System (Goods and Services Tax) Act 1999 section 195-1

All the following requirements under section 38-325 of the GST Act were satisfied. •         the supply is for consideration; •         the recipient is registered or required to be registered for GST; •         the supplier and recipient agree in writing that the supply is a going concern; •         under the arrangement between the parties, the supplier carries on the enterprise until the date of •         the supply; and •         under the arrangement, the supplier supplies the recipient with all the things necessary for the •         enterprise's continued operation.