Supply of a going concern. 15.1 If there is a supply under this agreement to which section 11(1)(mb) of the GST Act does not apply but which comprises the supply of a taxable activity that is a going concern at the time of the supply, then, unless otherwise expressly stated herein:
Supply of a going concern. (a) The parties agree that the supply of the Assets pursuant to this Agreement is the supply of a going concern for the purposes of sub-division 38-J of the GST Act.
Supply of a going concern. (a) The parties acknowledge and agree that the Seller’s supply of all things in connection with this Agreement constitutes the supply of a going concern for the purposes of the GST Law, and is intended to be GST-free.
Supply of a going concern. If any transfer is a transfer of a tenanted property or of the Station Areas (as defined in clause 9.1) then, unless otherwise expressly stated, the parties agree that the supply is the supply of a going concern under section 11(1 )(c) of the Goods and Services Tax Xxx 0000 on which GST is chargeable at zero per cent. If however, it subsequently transpires that GST is payable in respect of the supply then the provisions of clauses 19.6.2 to 19.6.4 shall apply.
Supply of a going concern. (a) Any reference in this clause 15 to a term defined or used in the A New Tax System (Goods and Services Tax) Act 1999 (Cth) (GST Act) is, unless the context indicates otherwise, a reference to that term as defined or used in the GST Act.
Supply of a going concern. The Vendor and the Purchaser each warrant that, at Completion, they will be registered or required to be registered by the GST Act. The Vendor must carry on the Business until Completion. The parties agree that this Agreement provides for the supply of the Business, inclusive of the Assets as a going concern. If GST is payable in connection with the supply of the Business inclusive of the Assets under this Agreement, the parties agree that the consideration paid under this Agreement is exclusive of GST and the Purchaser must pay the Vendor an additional amount on account of GST under clauses 4.6(c) to 4.6(e). Further, the Purchaser indemnifies the Vendor from and against any liability or obligation to pay GST in connection with this Agreement subject to the receipt of a valid Tax Invoice.
Supply of a going concern. (a) The parties agree that the Supply made by the Seller to the Buyer under this agreement (Business Supply) is a Supply of a Going Concern for the purposes of section 38‑325 of the GST Act and will be treated as being a GST-free Supply such that clause 23.2 does not apply to it.
Supply of a going concern. Raytheon Australia and L-3 Australian Subsidiary acknowledge and agree that:
Supply of a going concern. The parties agree that the supply of the Business and the Assets (including for the avoidance of doubt the supply of the New Zealand Land under the New Zealand Land Contracts), but excluding the supply of the Leased Land, by the Vendor pursuant to this Agreement is the supply of a taxable activity that is capable of being carried on by the Purchaser as a going concern and accordingly that the supply of the Business and Assets is zero-rated for GST purposes under section 11(1)(m) of the GST Act.
