Required: Discuss whether each of these receipts constitutes ordinary income:

Suits Pty Ltd is a company that owns a business that sells men's business suits in Melbourne to individuals. During the current tax year it also earned the following receipts:

• $50,000 for supplying business suits to a reality TV show called 'The Office Professional'. The TV show used these suits to dress its male contestants.
• $10,000 paid by someone opening up a similar business in Sydney. The amount was paid in exchange for the list of importers that Suits Pty Ltd purchases its inventory from.