PwC plans to sell part of its business for $1. Here's why it's not that unusual

Key Points PwC Australia is selling its government consultancy business for $1. Embattled consulting firm PwC Australia is offloading its money-making government consultancy business for $1 after a tax scandal involving government contracts was uncovered. "The whole amount is just mind-boggling itself, $1 for a business of this scale," she told ABC radio on Monday. We made the difficult decision to divest our government business completely," she told a NSW parliamentary inquiry. It's not the only large business that has sold for $1, in what is known as 'peppercorn payments'.