PART 1Overview and key interpretation
“Enterprise”
I17“Enterprise”
1
a
a person who is engaged in an economic activity that entails offering goods or services on a market, to the extent that the person is engaged in such an activity, or
b
a group of persons under common ownership or common control which is engaged in an economic activity that entails offering goods or services on a market, to the extent that the group is engaged in such an activity.
2
For the purposes of this section, an activity is not to be regarded as an economic activity if or to the extent that it is carried out for a purpose that is not economic.
3
For the purposes of this section, a person or group of persons is not to be regarded as an enterprise by virtue only of being a shareholder or shareholders in a body corporate which is to any extent an enterprise.
4
In this section, “person” includes a body corporate, a partnership and an unincorporated association.
5
For further provision relevant to the interpretation of this section, see section 8 (persons under common control).