Accent Management Ltd v Commissioner of Inland Revenue HC Auckland CIV 2008-404-8649

Case

[2010] NZHC 305

12 March 2010

No judgment structure available for this case.

IN THE HIGH COURT OF NEW ZEALAND

AUCKLAND REGISTRY

CIV 2008-404-8649

IN THE MATTER OF     THE JUDICATURE AMENDMENT ACT

1972

BETWEEN  ACCENT MANAGEMENT LIMITED Applicant

ANDTHE COMMISSIONER OF INLAND REVENUE

Respondent

Hearing:         20 & 21 July 2009

Appearances:  C T Gudsell QC & M C Brugeyroux for Applicant

T G H Smith & L A Herbert for Respondent

Judgment:      12 March 2010

JUDGMENT OF KEANE J

This judgment was delivered by Justice Keane on 12 March 2010 at 4.30 pm

pursuant to Rule 11.5 of the High Court Rules.

Registrar/ Deputy Registrar

Date:

Solicitors:

Wynyard Wood, Auckland for Applicant

Crown Law Office, Wellington for Respondent

ACCENT MANAGEMENT LIMITED V THE COMMISSIONER OF INLAND REVENUE HC AK CIV 2008-

404-8649  12 March 2010

[1]      On    this   application    for   review   Accent   Management    Limited,   in   a representative  action  on  its  own  behalf  and  that  of  six  co-investors,  seeks  to challenge  the  validity  of  assessments  adverse  to  it  made  by  the  Commissioner  of Inland  Revenue  in  the  1997  and  98  income  years,  even  though  those  assessments have been vindicated as correct by this Court and on two appeals.

[2]      The  assessments  are  invalid,  Accent  contends,  because  the  Commissioner confined himself to disallowing the two species of deduction Accent claimed. He did not, as he was obliged to do, Accent says, then allow Accent, in place of one of the disallowed deductions, a lesser deduction on a distinct statutory basis. Had he done that,  he  could  not  have  concluded,  as  he  did,  that  the  scheme  under  which  the disallowed  deductions  had  been  claimed,  which  has  become  known  as  the  Trinity scheme, was a 'tax avoidance arrangement' and to that extent void.

[3]      In  the  assessments  he  made,  Accent  contends,  the  Commissioner  offended, consciously if not in bad faith, the fundamental constitutional principle that a tax can only be imposed lawfully by act of Parliament: Bill of Rights 1688 (Imp); s 22(a) Constitution  Act  1986.  That  was  not  cured,  Accent  contends  further,  by  the  three decisions   vindicating   the   assessments.   Those   decisions   concerned   only   the correctness   of   the   assessments,   not   their   validity.   Accent   remains   entitled,   it contends, to challenge the validity of the assessments on review; a right  to justice secured it by s 27(2) of the New Zealand Bill of Rights Act 1990.

[4]      Accent’s application for review, the Commissioner contends, is barred by the Tax Administration Act 1994, which prescribes  the  process  by which  assessments may be challenged and otherwise deems them to be correct and valid. The grounds

on which Accent contends the assessments are invalid, he contends, are denied it by the findings made in the three decisions vindicating the assessments. Accent’s application, he contends further, constitutes indeed a collateral attack not merely on the assessments made but on those decisions. Accent relies, moreover, on a proposition that it could easily have advanced at the outset, but chose not to, because that would have precluded it from obtaining the deduction it actually sought. The Commissioner seeks to have the application struck out as untenable, vexatious and

an abuse of process.

[5]      In  this  decision  I  resolve  the  Commissioner’s  application  on  the  bases advanced.  I begin,  however,  with  the  question  of  invalidity so  critical  to  Accent’s substantive application. Is there as marked a distinction as Accent contends there is between the correctness of an assessment and its validity? To what extent, if at all, can an assessment be deemed invalid before it has been found to be so by a Court of competent jurisdiction?

History of Accent's claim

[6]      In 1996 Accent became a party to a joint venture, set up in that year under the Trinity scheme to grow a plantation of Douglas Firs over a 50 year span on a 538 hectare  property  in  Southland  licensed  for  the  purpose  from  Trinity  Foundation Services  (No  3)  Limited.  The  joint  venture  agreement  is  one  of  three  elements primary to the tax  consequences of the scheme.  The two others are the licence, to which I have referred, and an insurance policy.

[7]      Under the 50 year licence granted  to  the  joint  venturers  by  Trinity  3  they became liable to pay a licence premium of $2,050,518 per plantable hectare in 2048;

a  liability  they  answered  immediately  in  1997  by  promissory  note  secured  by debenture.  On  that  basis  Accent,  and  its  co-venturers,  claimed  the  right  to  a deduction for depreciation of the asset they said they had purchased, the right to use the land during the period of the licence, amortised on a straight line basis across its life.  Accent’s  claim  for  part  of  the  1997  year  was  $409,371.  In  1998  it  claimed $4,716,589.

[8]      The  policy  of  insurance  to  which  the  Trinity  scheme  required  Accent  and other venturers to subscribe was to meet the risk that in 2048 the trees for harvest might  prove  to  have  less  value  than  the  premium  liability  that  then  crystallised ($2,050,518 per plantable hectare). The policy was issued by Trinity 3’s nominated insurer  CSI  Insurance  Group  (BVI)  Limited,  incorporated  for  the  purpose  in  the British Virgin Islands. Accent became liable under the policy to pay two premiums, the first in 1997, $1,307 per hectare, the second, $329,791 per hectare, in 2047. Here too  Accent  and  its  co-venturers  answered  the  latter  liability  by  a  promissory  note

secured  by  debenture.  On  that  basis  Accent  claimed  in  1997  a  deduction  for  the entire expense, $3,989,466.

[9]      On or about 26 March 2002 the Commissioner of Inland Revenue disallowed the two deductions claimed for the 1997 year and, on or about 28 March 2003, the licence premium deduction claimed in that year. He disallowed the licence premium deductions on a number of bases. All went to his central conclusion that the licence aspect of the scheme, however understood, did not constitute depreciable property.

He  disallowed  the  insurance  premium  on  the  basis  that  there  was  no  effective insurance. The Commissioner's position then or later, also, was that if the insurance premiums were deductible, Accent could not have deducted them in a lump sum. It would  have  had  to  deduct  them  over  the  life  of  the  licence.  His  ultimate  position, whether  or  not  Accent  qualified  notionally for  either   form  of  deduction,  was  that both were the fruit of a 'tax avoidance arrangement' and void against the revenue.

[10]     On Accent’s challengeto this Court (Accent Management Ltd v Commissioner of Inland Revenue (2005) 22 NZTC 19,027)  Venning  J  upheld  the Commissioner  completely  as  to  the  licence  premium.  Accent  did  not  pay  this premium, he held, for the right to use the land during the currency of the licence. The premium paid was to secure for Accent a share in the proceeds of sale of the mature trees. The right paid for was not therefore depreciable intangible property. He upheld Accent’s challenge as to the insurance premium. The contract of insurance entered into, he considered, had to be taken at its face. Moreover, he held, the premium could

be deducted in 1997 and did not have to be spread.

[11]     This  proved  not  to  avail  Accent.  Venning J  held  that  insofar  as  the  Trinity scheme  gave  rise,  notionally,  to  these  forms  of  deduction,  it  was  a  'tax  avoidance arrangement'. As to that the essence of his decision is set out at [321] – [323]:

[321]   The   plaintiff   investors   are   experienced   and   astute   commercial business  people.  They  may  have  had  a  general  interest  in  investing  in forestry, perhaps even in a douglas fir plantation. However, the reason they invested  in  this  particular  investment,  the  Trinity  scheme,  was  the  tax benefits associated with the scheme. Without the tax benefits of the Trinity scheme   it   was   less   attractive   than   other   investments.   As   experienced business people they would have been well aware of that fact, and of other opportunities available to them.

[322]   The Trinity scheme was established and structured the way it was to achieve  the  mismatch  of  the  deductibility  of  the  licence  and  insurance premiums in 1997, and in the case of the licence premium, over the course of the investment (or at least until remedial legislation was passed) as opposed to the obligation the plaintiffs may have had as investors to pay the ultimate licence and insurance premiums in accordance with the promissory note in 2047/2048.

[323]   The  douglas  fir  forest  on  Trinity  3’s  land  might  deliver  a  positive return.   Whether it will or not is subject to a number of uncertainties.   The result will not be known until 2047/48.  What the plaintiff investors knew in 1997,  however,  and  could  be  certain  about  was  that  in  joining  the  Trinity scheme and entering the arrangements that formed that scheme they had the ability to claim significant deductions in 1997/1998 and subsequent years in relation to the insurance and licence premiums against their other, substantial income and for a very limited financial outlay that bore no relation to the tax advantages  they  obtained.   The  certainty  of  that  tax  deductibility  and  the significant advantages to them of that in 1997 and the immediately following years was the dominant reason for their entry into the arrangement.

[12]     In its decision ((2007) 23 NZTC 21,323), the  Court  of  Appeal  held,  in contrast to Venning J, that the licence premium was payable for the right to use the land and that, notionally, Accent qualified for that deduction as well as that claimed

for  the  insurance  premium.  The  Court  upheld  Venning  J  in  his  conclusion  that Accent  was  not  entitled  to  either  deduction  because  both  were  the  fruit  of  a  'tax avoidance  arrangement'.  William  Young  P,  delivering  the  decision  of  the  Court, remarked  at  [140]  that  the  scheme  was  ‘clever’  only  to  add  that  ‘this  particular emperor has no clothes’. For, as he explained at [141]:

It  is  clear that  the real  purpose of the arrangement  is not  the  conduct of a forestry business for profit, but rather generation of spectacular tax benefits. The end result (i.e. the profitability or otherwise of the venture) was never seen as being material. The corollary of this statement is that there was never a ‘real’ purpose of making a profit from the harvesting of trees.

[13] In the Supreme Court ([2008] NZSC 115) the majority of the Court, Tipping, McGrath and Gault JJ, agreeing with the Court of Appeal, held that notionally Accent qualified for each form of deduction but that insofar as the Trinity scheme gave rise to those forms of deduction it was void against the revenue as a 'tax avoidance arrangement'. Elias CJ and Anderson J, in the minority, in agreeing with that final conclusion, held for that very reason that Accent could not qualify, even notionally, for the deductions claimed.

[14]     As  to  the  licence  premium  deduction  claim  Tipping  J,  speaking  for  the majority  at  [130],  described  the  promissory  note  given  to  answer  the  licence premium  liability  to  crystallise  in  50  years  as  without  any  ‘necessary  business connection with that period’. The ultimate obligation to pay the premium in 2047, he said, was subject to too many contingencies to have force. He concluded:

The  effect  of  the  arrangement  (if  permitted)  would  be  to  provide  a  tax concession in circumstances where the commitment to make the payment is dependent on stumpage proceeds and otherwise is illusory. The result of this use of the specific provision is to take the arrangement, insofar as it depends on the licence premium promissory note, outside the scope of the provision allowing  for  a  deduction  for  depreciable  property  and  to  make  what  the investors entered into a tax avoidance arrangement.

[15]     Speaking  of  the  insurance  premium  deduction  claim,  founded  as  to  the premium  payable  in  2047  on  the  promissory  note  given  in  1997  secured  by debenture, Tipping J said at [147]:

The simple fact is that the second premium was not paid in any real sense by means of the promissory note. The use of the promissory note as an aspect of the whole arrangement reinforces its artificiality. CSI undertook no real risk and was simply a vehicle to achieve the deductibility of a premium which was not truly paid. The purported payment did not give rise to any economic consequences on either side.

[16]     In  these  conclusions,  as  to  which  the  Supreme  Court  was  unanimous,  it upheld  the  Commissioner’s  assessments.  It  found  that  Accent  and  its  co-venturers were  not,  and  had  never  been,  entitled  to  the  deductions  they  claimed.  Accent, however, in contrast to the other appellants, and for the first time, contended that if it were not entitled to those claimed for the licence premium, it was entitled to lesser deductions under the old accrual rules on the distinct statutory basis that the licence arrangement was a 'financial arrangement'.

[17]     The Court declined to hear argument on the point. As Tipping J explained at

[149]  –  [155], Accent had not sought or been granted leave to advance that as a ground of appeal. The deduction Accent sought to affirm, he said, was inconsistent with that claimed for the 1997 and 1998 years, for which Accent had continued to contend both before the Commissioner made the disputed assessments, and afterwards, in this Court and on the first appeal. (It had in this Court on the challenge denied successfully, that the pertinent aspect of  the  Trinity  scheme  constituted  a

'financial  arrangement',  in  the  face  of  the  Commissioner's  challenge,  asserting that the 2048 liability assumed in 1997 was satisfied immediately it was incurred by the contemporary promissory note.)

[18]     Within five days of the Supreme Court's  decision  Accent  brought  this application for review seeking declarations that the Commissioner had no power to make the disputed assessments, that they are and were when made invalid, and that the Commissioner should not take any further step to give them effect.

[19]     Accent’s purpose in seeking these declarations is not to vindicate the right to any   significant   deductions   in   the   1997   and   1998   years.   It   is   to   nullify  the Commissioner’s conclusion, upheld on the  challenge  and the two  appeals, that the Trinity  scheme  constitutes  a  'tax  avoidance  arrangement'  and  is  void  against  the revenue. More tangibly, Accent’s purpose is to nullify the very significant penalties that flow from that conclusion.

[20]     Since I heard the Commissioner's application Venning J has heard and resolved one arising, I understand, from a challenge to the validity of the Commissioner's assessments brought by co-venturers of Accent: Redcliffe Forestry Venture Ltd v Commissioner of Inland Revenue HC Auckland CIV 2009-404-5991,

26 February 2010. The Commissioner has invited me to read that decision.  For reasons I have given separately, I have declined to do so.

Accent's statement of claim

[21]     In its statement of claim Accent places in issue from the outset the validity of what it describes as the Commissioner's 'purported assessments', which it says were upheld by this Court and on the successive appeals as to their correctness, assuming their validity.

[22]     The  Bill  of  Rights  1688,  Accent  contends,  which  applies  by  virtue  of  the Imperial  Laws Application Act 1988, provides that there should be no pretence of tax  without  grant  of  Parliament.  And,  it  contends,  the  contractual  arrangements entered into could only be categorised by the Commissioner in one way:

a financial arrangement, the taxation of which is governed by sub-part EH (the Old Financial Arrangement Rules) of the [Income Tax Act 1994] and the determinations made pursuant to the [Tax Administration Act 1994].

[23]     Where  there  is  a  financial  arrangement,  Accent  contends,  s  EH8  expressly provides:

Notwithstanding   any   other   provision   in   this   Act,   gross   income   or expenditure in an income  year  in respect of a financial  arrangement  under the qualified old financial arrangements rules shall be calculated under those rules.

[24]     Equally, Accent contends, the Commissioner's own determinations under the

Tax Administration Act 1994, governing the  calculation  of  tax  where  there  is  a

'financial  arrangement',  bind  the  Commissioner  as  much  as  the  taxpayer.  The assessments he was obliged to make were governed by those determinations.

[25]     That  the  contractual  arrangements  did  constitute  a  'financial  arrangement', Accent next contends, was recognised by this Court and on the two ensuing appeals. Since   at   least   1999,   Accent   contends   more   pointedly,   that   had   been   the Commissioner's  own  view.  It  is  manifest  in  working  papers  and  in  a  consultant's opinion; in concessions made by the assessing officer when cross examined in this Court;  in  the  Commissioner's  own  submissions  in  this  Court  and  in  the  Court  of Appeal.

[26]     Accent contends, therefore, that when issuing the 1997 and 1998 assessments the Commissioner knew that he was obliged to assess Accent and its co-investors on the basis that there was a 'financial arrangement' and is in breach of his duty to them, both before and after the issue of the challenge proceedings, to ensure that their tax liability was correctly assessed. His assessments in those years, Accent contends, are unlawful because they are expressly prohibited by s EH8 and the Determinations.

[27]     For the Commissioner's assessments to be valid, Accent contends, he had first

to comply with s 6 of the Tax Administration Act 1994. For his assessments to be lawful  under  s 3  of  the  Tax  Administration  Act  1994,  the  Commissioner  had  to attempt genuinely to ascertain Accent's statutory liability. He had to do so without disregarding known law and without acting arbitrarily or capriciously.   His

assessment  had  to  reflect  his  honest  opinion  and  be  reasonably  referable  to  the powers on which he relied.

[28]     The  assessments  are  invalid,  Accent  contends,  because  the  Commissioner disregarded  known  law,  s  EH8,  and  so  acted  arbitrarily  or  capriciously.  His assessment  did  not  reflect  his  honest  opinion.  The  assessments  he  made  were  not reasonably referable  to  the  Income  Tax  Act  1994.  The  Commissioner  misused  his powers consciously and deliberately.

[29]     Accent  seeks,  therefore,  the  declarations  to  which  I  have  referred  that  the Commissioner  had  no  power  to  make  either  of  the  assessments  he  made,  or  any decisions flowing from them, that the assessments are not valid assessments for the purposes of the Tax Administration Act 1994, and that he should not take any further steps relying on them.

Accent's central submissions

[30]     When  it  claimed  in  the  1997  and  1998  years  depreciation  deductions  in respect of the premium incurred for the licence to use land, relying on sub-part EG of the Income Tax Act 1994, Accent contends, it assumed that it had that right. It only appreciated  after  the  decision  of  the  Court  of  Appeal  that,  if  any  aspect  of  the transaction  did  constitute  a  'financial  arrangement',  sub-part  EH8  applied.  Section EH8 and the Commissioner's determinations issued under sub-part EH precluded any other choice.

[31]     The Trinity scheme, Accent contends, can be understood to constitute a series

of 'financial arrangements' or a single wider  arrangement.  One  such  arrangement could be constituted by the licence, which calls for the payment of a rent charge in arrears. Another could be the promise to pay in 2048 for the grant of the licence in

1997. Yet another could be the equivalent promise to pay the insurance premium in

2047. The promissory notes given, debt instruments answering immediately each of those  promises,  could  be  still  others.  Or  there  could  be  a  wider  arrangement comprising all combined.

[32]     Principally, however, Accent contends, as  to  the  licence  aspect  of  the arrangement, a 'financial arrangement' arises from what it describes as the disparity

in value between the consideration Accent  received  from  Trinity  in  1997  and  the

$2,050,518 per plantable hectare payment Accent was required to make to Trinity 3

in 2048. On the Commissioner's own calculation, Accent says, the amount paid for the right to use Trinity's land was not $2,050,518 per hectare, as was assumed on the challenge to this Court and on each appeal. It  was  somewhere  between  $2,500  -

$136,633.  The  balance  has  to  be  deemed  interest,  Accent  contends,  which  it  is entitled  to  deduct  under  sub-part  EH  on  a  yield  to  maturity  basis  under  the  old financial rules.

[33]     The promissory note, given in  1997  to  meet  the  2048  liability,  Accent contends, only did so as a matter of law. As the Supreme Court held, it did not do so

as  a  matter  of  substance.  It  was  without  economic  consequence.  It  could  not extinguish  any  'financial  arrangement'  within  sub-part  EH.  Within  that  sub-part  it was and remains without significance.

[34]     Section EH8, Accent contends, therefore, prohibited the Commissioner from the assessment he made, in which he assumed Accent's right to a deduction lay only under the depreciation rules in sub-part EG. The Commissioner, Accent says, has yet

to  make  the  calculation  sub-part  EH  requires  and  so  he  has  not  made  any  lawful assessment for the 1997 - 98 years.

[35]     Accent goes further. It contends that in the assessments he made the Commissioner was aware that they were irreconcilable with s EH8 and, in making them nevertheless, he consciously misused his power. This is, therefore, one of those rare  cases  of  which  Richardson  P  spoke  in  Commissioner  of  Inland  Revenue  v Wilson  (1996)  17  NZTC  12,512  (CA),  at  12,520,  where  the  Commissioner  in  the exercise of his statutory powers has gone beyond the statutory criteria and purposes of the Act, not just mistakenly but deliberately.

[36]     Accent  contends that it  does not have  to go still further  and  allege that the Commissioner must also have lacked any honest belief in the application  of  the general anti-avoidance provision to any accrual assessment. The issue is whether he

knew,   or   deliberately   closed   his   eyes   to,   the   unlawfulness   of   the   threshold assessment that he made of the licence premium aspect most especially.

[37]     The  Commissioner's  assessments,  Accent  contends  consequently,  create  no debt.  They  constitute  unlawful  and  unenforceable  demands  offending  the  Bill  of Rights 1688 and s 32(a) of the Constitution Act 1986: Woolwich Building Society v Inland  Revenue  Commissioners  (No  2)  [1992]  3  All  ER  737.  See  also  Deutsche Morgan  Grenfell  Group  Plc  v  Inland  Revenue  Commissioners  [2006]  UKHL  49; Waikato Regional Airport Ltd & Ors v Attorney General [2004] NZLR 1 (PC).

[38]     The principle on which Accent relies is perhaps most graphically expressed

by Baragwanath J in Miller  v Commissioner  of  Inland  Revenue  (1997)  18  NZTC

13,001, at 13,039:

Section 27 [now s 109 Tax Administration Act 1994] provides no barrier to a challenge  to  the  very  existence  of  a  lawful  assessment  …  To  purport  to assess  a  person  against  whom  no  assessment  could  lawfully  have  been made  …  could  be  actionable  as  an  abuse  of  public  power  and  would certainly be ineffectual; it would not result in an enforceable assessment.

[39]     The  consequence  is  also,  Accent  contends,  that  the  assessments  do  not constitute a disputable decision, which could ever have been the subject of challenge under  s  138B  of  the  Tax  Administration  Act  1994.  So  no  Court  of  competent jurisdiction has yet considered whether the disparity required to be calculated under sub-part  EH  can,  if  nonetheless  calculated  under  sub-part  EG,  create  a  legally enforceable debt. Had this Court and those on appeal turned their minds to that, they would have had to recognise they were without jurisdiction.

[40]     When Accent became aware, it says, that the only deduction open to it was that accorded by sub-part EH, and sought to raise that before the Supreme Court, that was held to be beyond the scope of the appeal; and so the issue is res integra. Absent

an  assessment  according  to  law,  absent  a  valid  debt,  a  valid  challenge,  and  a competent  judgment  vindicating  the  assessments,  the  Commissioner's  strike  out application must fail.

Strike out jurisdiction

[41]     The Commissioner applies to strike out Accent’s application relying on High

Court Rules, r 15.1(1) which says:

The court may strike out all or part of a pleading if it –

(a)discloses  no  reasonably  arguable  cause  of  action,  defence,  or  case appropriate to the nature of the pleadings; or

(b)      is likely to cause prejudice or delay; or

(c)       is frivolous or vexatious; or

(d)      is otherwise an abuse of the process of the court.

[42]     The  Court’s  power  to  strike  out  under  this  rule  is  without  prejudice  to  its inherent jurisdiction: High Court Rules, r 15.1(4). In exercise of the power the Court may dismiss a proceeding or enter a stay: High Court Rules, r 15.1(2), (3).

[43]     As   to   the   usual   primary   ground,   untenability,   Richardson   P   stated   in Attorney-General  v  Prince  &  Gardner  [1998] 1 NZLR 262 at 267, the principles which apply:

A striking-out application proceeds on the assumption that the facts pleaded

in the statement of claim are true. That is so even although they are not or may not be admitted. It is well settled that before the Court may strike out proceedings  the  causes  of  action  must  be  so  clearly  untenable  that  they cannot possibly succeed …; the jurisdiction is one to be exercised sparingly, and  only  in  a  clear  case  where  the  Court  is  satisfied  it  has  the  requisite material  …;  but  the  fact  that  applications  to  strike  out  raise  difficult questions   of   law,   and   require   extensive   argument   does   not   exclude jurisdiction … .

[44]     To strike out entirely for untenability is a measure of last resort. It is not to be resorted to where there may be a cause of action, which has been insufficiently or inaccurately  pleaded.  Strike  out  is  only justified  when  there  is  no  cause  of  action disclosed,  however  pleaded:  see,  for  instance,  Marshall  Futures  Ltd  v  Marshall [1992] 1 NZLR 316.

[45]     Abuse of process can raise issues that extend beyond the pleadings and arises typically in tax cases as a result of s 109 of the Tax Administration Act 1994, which

states  that  a  disputable  decision  made  by  the  Commissioner  cannot  be  challenged except by objection under Part 8 or by challenge under Part 8A. Section 114 deems assessments made to be valid even where incorrect. Only exceptionally does judicial review have a place.

[46]     In New Zealand Wool Board  v  Commissioner  of   Inland  Revenue  [1997]  2

NZLR  6  (CA),  Richardson  P  said  at  14,  in  the  second  of  six  reasons  he  gave  to support that conclusion, that review may exceptionally have a place, but only where abuse of power or unfairness is alleged:

…  the  statutory  objection  procedure  has  primacy.  Judicial  review  is  not excluded, but it is to be regarded as a collateral process directed solely at the validity of the procedure followed by the Commissioner. Hence, it may not impinge upon the matters which may properly fall for consideration in the course of the statutory objection procedure. Judicial review is to be reserved for  the  exceptional  cases  where  the  alleged  abuse  of  power  or  unfairness cannot be resolved in the context of that procedure.

[47]     In Miller v Commissioner of Inland Revenue [2001] 3 NZLR 316 (PC), Lord

Hoffmann, at 329, added a further basis on which, exceptionally, review might have

a place, a fatal foundational error of law, but even then not inevitably:

It  will  only  be  in  exceptional  cases  that  judicial  review  should  be  granted where the challenges can be addressed in the statutory objection procedure. Such  exceptional  circumstances  may  arise  most  typically  where  there  is abuse of power … . But they have also been held to arise where the error of law claimed is fatal to the exercise of statutory power and where it would be wasteful to require recourse to the objection procedure … .

[48]     The statutory objection procedure is not just primary. It is also curative. The Taxation Review Authority, or this Court, should it hear the challenge, has the same powers as the Commissioner and, if on an objection the Commissioner is found to have acted in error, that can be cured by the exercise of the power of re-assessment:

s 135(1) and s 136(17) Tax Administration Act 1994.

[49]     Recently in a decision critical to the present  application  to  which  I  will return, Westpac Banking Corporation v Commissioner of Inland Revenue [2009] NZCA 24, the Court of Appeal held, at [59], that judicial review of a tax assessment will only be justified where (i) what purports to be an assessment is not; or (ii) in exceptional cases, such as where there has been conscious maladministration. To

decide whether the challenge made lies within  those  exceptional  categories,  or constitutes an abuse of process, it is necessary, the Court said at [10] to 'engage with the facts more freely' than is usual on a strike out application. The pleadings are not

to be taken uncritically to be correct where contradicted by indisputable fact.

[50]     Also in issue is whether Accent, by challenging the impugned assessment by way of judicial review, is seeking to re-litigate issues already resolved. For that can

be an abuse of process.  If  the  assessments  have  been  upheld  definitively  the Commissioner  is  entitled  to  rely on  that.  Finality  is  equally in  the  public  interest. Apart  from  any  unfairness,  re-litigation  can  strike  at  public  confidence  in  the administration  of  justice: Z v Dental  Complaints  Assessment  Committee  [2009] 1 NZLR 1 (SC) at [58] and [62] per Elias CJ.

[51]     That  need  for  finality asserts  itself  whether  or  not  res  judicata  in  the  strict sense applies, or the Commissioner can rely on issue estoppel. Where the challenge made  involves  nothing  new  and  could  as  readily  have  been  made  in  the  original proceeding,  that  can  be  an  abuse  of  process:  Russell  &  Ors  v  Taxation  Review Authority & Anor (2000) 19 NZTC 15,924.

[52]     Where there is a late challenge, and a question whether that  connotes  an abuse  of  process,  the  Supreme  Court  held  in  Z, at [63] and [127], that calls for a

'broad, merits-based judgment which takes account of the public and private interests involved'.  Where,  as  here,  bad  faith  on  the  part  of  the  decision  maker  is  alleged, whether the complaint itself is made in good faith must also be in issue: Attorney- General v McVeagh [1995] 1 NZLR 558.

Correctness and validity

[53]     On  Accent's  analysis  all  of  these  statutory  and  policy  impediments  to  its application   for   review   are   answered   completely  once   it   is   accepted   that   the Commissioner's  two  assessments  are  and  have  always  been  invalid  and  the  reason why  that  is  so;  the  assessments  involved  a  deliberate  misuse,  an  abuse,  of  the Commissioner's power.

[54]     Accent's   argument,   as   I   understand   it,   however,   must   involve   two assumptions,  the  lesser  of  which  is  that  the  validity  of  the  assessments  is  quite distinct  from  whether  they  are  correct.  Accent  disavows  any  challenge  to  the correctness of the assessments vindicated by this Court and on appeal. It does not, it contends, challenge, nor does it need to, nor does it run foul of, those decisions.

[55]     The grounds on which a decision can be invalid can, I accept, differ in kind from those that arise on an objection. But they can also be identical, as is apparent immediately one considers what those grounds are. As Richardson J expressed them

in Brierley Investments Ltd v Bouzaid [1993] 3 NZLR 655 (CA) at 660 - 661, they are these:

Judicial  review  is  available  where  a  decision  making  authority  exceeds  its powers  and  commits  an  error  of  law,  commits  a  breach  of  natural  justice, reaches  a  decision  which  no  reasonable  tribunal  could  have  reached  or abuses its powers …  . That is subject to the  obvious  qualification that  the legislation under which the authority is acting may itself limit the nature and scope of any review.

[56]     Where, then, the validity of a decision turns on whether it is correct in law validity and correctness coincide essentially if not entirely. Where the challenge is to the  reasonableness  of  the  decision  that  must  equally  first  turn  on  whether  it  is correct. Both grounds of invalidity are susceptible in principle to remedy within the statutory objection  or  challenge  process.  Even  where  a  breach  of  natural  justice  is alleged, that can be cured by the very fact of the hearing before the Authority or this Court  in  which  the  rules  of  natural  justice  apply  and  taxpayer  and  Commissioner enjoy equality of arms. In all three instances the Authority and this Court may well be able to exercise the power of re-assessment.

[57]     That the statutory procedure does embrace validity  as  well  as  correctness McGrath J took for granted in Dandelion Investments Ltd v Commissioner of Inland Revenue [2003] 21 NZTC 18,010, at [92] and [93]. The only exception calling for an application for judicial review independent of the statutory process, he said, is where an abuse of power is contended for. And that, of course, is Accent's case on review. But, even where that  is so, this Court can, and sets out to, resolve all issues as to correctness and validity within the confines of a single hearing, whether they arise

from a statutory challenge or an application for judicial review. And that indeed, as the Court of Appeal said in Westpac, at [63], is and has to be normative.

[58]     Accent's second assumption is, I think, more radical. In contending that the

1997 - 98 assessments, though vindicated as correct by this Court and on appeal, are incapable of cure, and that the decisions of this Court and those on appeal lack any foundation, Accent is not fastening simply on process. It is not just saying that an abuse of power is incapable of cure  by exercise of the powers given the Authority or this Court on a statutory objection or challenge. It is saying that the assessments are beyond cure in whatever form they come before this Court.

[59]     In this Accent cannot avoid having to resort, it seems  to  me,  to  the  classic absolute principle of invalidity, the high water mark of  which  has  to  be  Toronto Railway  Co  v  Corporation  of  the  City  of  Toronto  [1904] AC 809 (PC). There the Judicial Committee of the Privy Council held that an assessment made without power was a nullity and could not be given life. The Committee thought it enough, at 816, to adopt as its own this statement from an earlier case:

If there is no power conferred by the statute to make the assessment it must

be wholly illegal and void ab initio, and confirmation by the Court … cannot validate it.

[60]     That principle is now eclipsed by the contrary principle, the relative principle

of  invalidity,  that  a  decision  made  in  the  exercise  of  a  statutory  power  is  to  be deemed  valid  until  declared  invalid  by  a  Court  of  competent  jurisdiction:  Reid  v Rowley [1977] 2 NZLR 472 (CA), A J Burr Ltd v Blenheim Borough Council [1980] 2 NZLR 1 (CA), Love  v  Porirua  City  Council  [1984] 2 NZLR 308 (CA). In the Blenheim Borough decision Cooke J said at 5:

Except  perhaps  in  comparatively  rare  cases  of  flagrant  invalidity,  the decision   in   question   is   recognised   as   operative   unless   set   aside.   The determination  by  the  Court  whether  to  set  aside  the  decision  or  not  is acknowledged  to  depend  less  on  clear  and  absolute  rules  than  on  overall evaluation;   the   discretionary  nature   of  judicial   remedies   is   taken   into account.

[61]     In Martin v Ryan [1990] 2 NZLR 209, at 237, Fisher J suggested for that very reason that where this Court declares a vitiated decision invalid, it does so retrospectively:

It  seems  to  me  that  if  the  superior  Court  does  ultimately  strike  down  the decision, the act of the superior Court is not so much the passive discovery of the still-born as selective euthanasia of the congenitally deformed.

[62]     Fisher J did not reject, in principle, the possibility that a decision might be so flagrantly invalid that it could be assumed to have been so from inception without a Court saying so. But, in R v Smith [2003] 3 NZLR 617, CA, that possibility too, was rejected as contrary to principle certainly where the validity of a judicial decision is

in question. Elias CJ said at [46]:

Unless a judgment of a Court is set aside on further appeal or otherwise set aside   or   amended   according   to   law,   it   is   conclusive   as   to   the   legal consequences it decides. If it were not so, the principle of legality would be undermined….

[63]     I  see  no  reason  why an  assessment  by the  Commissioner  should  stand  any differently;  at  least  since  the  passing  of  the  Tax  Administration  Act  1994.  Even before that Act Henry J took it to be axiomatic, in BASF NZ Ltd v Commissioner of Inland Revenue [1994] 1 NZLR 172, that the relative principle of invalidity applied. As he said, at 178, of the assessment there challenged:

The assessment is not a nullity in the sense that it does not have present legal existence and effect. It remains unless and until such time as it is declared by

a competent authority to be invalid.

[64]     The Commissioner's application to strike out Accent's review challenge to the assessments  has,  I  consider,  to  be  resolved  on  that  basis.  Not  merely  must  the assessments  be  deemed  to  be  valid  until  declared  invalid.  There  can  only  be  an inquiry  into  the  validity  of  those  assessments  if  the  presumptions  in  the  Tax Administration Act 1994 that they are both correct and valid can and ought to be set to one side.

Assessments deemed correct and valid

[65]     Section 109 of the Tax Administration Act 1994 deems 'disputable decisions'

-  assessments  ultimately  -  to  be  correct  except  by  the  forms  of  challenge  it recognises:

Except  in  objection  proceedings  under  Part  8  or  a  challenge  under  Part

8A,—

(a)No  disputable  decision  may  be  disputed  in  a  court  or  in  any proceedings on any ground whatsoever; and

(b)Every disputable decision and, where relevant, all of its particulars are deemed to be, and are to be taken as being, correct in all respects.

[66]     Nor does s 109 stand alone. Section 114 deems assessments made to be valid even when they may not be correct:

An assessment made by the Commissioner is not invalidated—

(a)       through a failure to comply with a provision of this Act or another

Inland Revenue Act; or

(b)      because  the  assessment  is  made  wholly  or  partially  in  compliance with—

(i)a   direction   or   recommendation   made   by   an   authorised officer on matters relating to the assessment:

(ii)      a current policy or practice approved by the Commissioner that is applicable to matters relating to the assessment.

[67]     In  Westpac  the Court, for whom William Young P spoke, said at [7] that these two presumptions have never been held to constitute an absolute bar to judicial review. But they do cast a burden on the taxpayer to make out what can only be an exceptional case: to demonstrate that the assessment under challenge is either so lacking, or involves such an abuse of power, that it cannot possibly fall within their protective scope; and that, as the President said at [47], is 'a particularly inauspicious statutory context for judicial review'.

[68]     That said, the Court did recognise, at [56], that the  Commissioner's  wider duties  and  powers  may  make  his  assessments  more  susceptible  to  review.  Section

6A(1) charges the Commissioner with 'care and management of the taxes covered by

the   Inland  Revenue  Acts'  and  confers   attendant  discretions  subject   to  named constraints, one of which is as to resources. The Commissioner also now has a power to give binding rulings.

[69]     Pointing also in that direction is s 6(1), which imposes on the Commissioner

a duty to his his 'best endeavours to protect the integrity of the tax system'. As well

as including within that concept the taxpayers' perception of integrity (subs 2(a)) the Commissioner must respect the rights of taxpayers 'to have their liability determined fairly, impartially, and according to law': subs 2(b) and (f). Equally, the tax system's integrity has  a  further  connotation,  that  stated  in  subs  2(d),  'the  responsibilities  of taxpayers  to  comply  with  the  law'.  It  is  equally  the  duty  of  the  Commissioner  to ensure  that  this  responsibility  is  honoured:  Raynel  v  Commissioner  of  Inland Revenue (2004) 24 NZTC 18,583.

[70]     On any view, therefore, as the Court said in Westpac at [59], while judicial review, where it is available, is to be exercised on established principles, it is reconcilable with ss 109 and 114 only in the two classes of case to which I referred earlier, (i) 'where what purports to be an assessment is not an assessment'; and (ii) 'in exceptional cases and thus may be available in cases of conscious maladministration'.

[71]     The Court, furthermore, at [61], distinguished between an assessment and a usual statutory power of decision. The taxpayer's liability depends on the statute not

on the assessment. And the Court said:

If the assessment is correct, it is hard to see why complaints about process should result in the taxpayer not paying tax on a correct basis. Where there are very large sums of tax at stake … this raises fairness considerations in relation to other taxpayers … If the assessment is wrong, it can be corrected

in later challenge proceedings. If it is correct, the tax should be paid.

[72]     The Court also deprecated, at [62], the scope collateral challenge by review allows for 'gaming and  diversionary behaviour'; principally, the Court said at [63],

by delay. That is why any challenge to validity must normatively be advanced at the same time as any challenge to correctness. Also, the Court added, at [64], a collateral challenge can amount to an illegitimate attempt 'to  turn  the  case  back  onto  the

Commissioner'.  The  result  can  be  a  sapping  inquiry  irrelevant  to  whether  tax  is owing.

[73]     The policy underlying s 109 and 114 precludes, the Court said finally at [94],

a challenge to validity relying on the Commissioner's internal processes:

To   allow   taxpayer   litigants   to   trawl   through   processes   which   were antecedent   to  the   issuing  of   an   assessment  (and   the   pre-assessment disputes procedure) with a view to identifying and then relying on perceived departures  from  internal  department  procedures  is  inconsistent  with  the orderly and efficient resolution of tax disputes. Such breaches could hardly be regarded as exceptional (in the sense of being rare) and to allow them to invalidate later assessments would leave very little scope for s 109 and 114.

Commissioner’s duty to assess

[74]     Accent,  in  its  statement  of  claim,  identifies  correctly  the  nature  of  the Commissioner's  duty  on  the  exercise  of  the  power  of  assessment.  But  what  that connotes will always call for a close appraisal of the assessment impugned.

[75]     The  Commissioner  does  not  by  assessment  impose  on  the  taxpayer  the liability to tax. Liability is imposed by the statute. The Commissioner quantifies how much  tax  is  due.  As  McCarthy  J  stated  in  Reckitt  and  Colman  (New  Zealand) Limited v Taxation Board of Review [1966] NZLR 1032, CA, at 1045:

Liability for tax is imposed by the charging sections, … The Commissioner acts  in  the  quantification  of  the  amount  due,  but  it  is  the  Act  itself  which imposes, independently, the obligation to pay. The assessment and objection procedures are merely machinery for quantifying; they do not cast liability. If the taxpayer does not object to the Commissioner’s assessment within the time stated in the assessment…, the amount assessed by the Commissioner becomes incontestably fixed.

[76]     In  the  same  case,  however,  Turner  J,  at  1042,  brought  to  the  concept  of assessment,  and  thus  to  the  Commissioner's  duty,  a  further  critical  dimension.  An assessment, he said, has to be made duly and impartially, according to law. The rules prescribing  the  rights  of  Commissioner  and  taxpayers  constitute  a  code  'for  the impartial  and  identical  treatment  of  all  taxpayers'.  (See  now  s  6(2)(b)  of  the  Tax Administration Act 1994.)

[77]     Quantifying the tax due, therefore, calls for a principled exercise of judgment

on the part of the Commissioner, but subject always to this; that exercise can only be undertaken on the information that the Commissioner then has. As Richardson J said

in two passages in Commissioner of Inland Revenue  v Canterbury Frozen Meat Co

Ltd [1994] 2 NZLR 681 (CA) at 690 - 691:

The making of an assessment … requires the exercise of judgment on the part of the Commissioner in quantifying that liability on the information then

in  the  Commissioner's  possession.  It  involves  the  'ascertainment'  of  the taxable income and of the resulting tax liability.

In   making   an   assessment   the   Commissioner   is   required   to   exercise judgment. He or she is not entitled to act arbitrarily or in disregard of the law or facts known to the Commissioner … . There must be a genuine attempt to ascertain the taxable income of a taxpayer …

[78]     There  will  be  cases,  Richardson  J  said in  Paul Finance  v  Commissioner  of Inland Revenue [1995] 17 NZTC 12,379 (CA), at 12,382, where the Commissioner's assessment  can  at  most  only  be  tentative  and  even  one  'which  the  Commissioner believes is not necessarily correct, or even probably wrong to some extent'. But that will  be  because  of  the  paucity  of  information  the  Commissioner  then  has.  The Commissioner  must  still  be  honest  in  any  exercise  of  judgment.  Richardson  P endorsed in Commissioner of Inland Revenue v New Zealand Wool Board (1999) 19

NZTC 15,476 (CA), at 15, 489, this statement from an earlier case:

The Commissioner is not empowered … to issue an assessment which does not represent  his own  honest opinion. He  cannot  say,  for example,  'on  the information  available  to  me  I  think  the  taxable  income  is  $X,  but  I  will nevertheless issue an assessment for $10X'. Such a purported assessment would not be a true assessment within the powers conferred …

[79]     In Westpac, however, the Court rejected the proposition that where within the Department there are two or more opinions as to how a taxpayer ought to be assessed the Commissioner cannot honestly hold one of those opinions as opposed to the other. Such differences of opinion, the Court said at [80], can be anticipated to be quite usual. Any choice between them need not involve any dishonesty. Nor need it become a source of invalidity even where there is a difference between two Departmental units:

Given the size of the Inland Revenue Department it is inevitable that there will be inconsistencies of interpretation and application. We do not see how

it  could  be  credibly  argued  that  an  assessment  is  invalid  merely  because such inconsistency can be identified.

Statutory challenge process

[80]     Accent  contends  that  the  Commissioner  is  under  a  duty  under  the  Tax Administration  Act  1994  to  assess  a  taxpayer  correctly,  whatever  position  the taxpayer  may  take;  and  in  one  sense  that  is  true.  The  duty  imposed  on  the Commissioner to assess, and to assess honestly, is unequivocal. But the taxpayer is not altogether exempt. He or she has a part to play as well.

[81]     It is no accident that the assessment process begins with the taxpayer. In the

1997 year s 92(1) imposed on the Commissioner a duty to assess a taxpayer 'from the returns made …and from any other information in the Commissioner's possession'.

In the 1998 tax year that initial duty was cast instead on the taxpayer. Section 92(1)

now says:

A taxpayer who is required to furnish a return of income for a tax year must make  an  assessment  of  the  taxpayer's  taxable  income  and  income  tax liability and, if applicable for the tax year, the net loss, terminal tax or refund due.

[82]     Then, when the Commissioner does not accept the return or self assessment the taxpayer has made, the Act prescribes a process securing to the taxpayer equality

of arms, the purposes of which are to improve the accuracy of the Commissioner's decisions, to reduce the likelihood of disputes, to identify the basis for any dispute, and to promote a prompt and efficient resolution of it before any proceeding begins:

s 89A.

[83]     The Commissioner may issue a notice of proposed adjustment, as he did here:

s 89B.  The  taxpayer  must  respond:  s  89G.  And  these  notices  are  required  to  be highly specific. A notice of proposed adjustment must identify the adjustment, state concisely  the  key  facts  and  the  law  sufficiently  to  set  out  the  grounds  for  the adjustment proposed and state how the law applies to the facts: s 89F(2). A notice of response must be equally exact. Section 89G(2) states:

A notice of response must state concisely -

(a)the  facts  or  legal  arguments  in  the  notice  of  proposed  adjustment that the issuer of the notice of response considers are wrong; and

(b)why the issuer of the notice of response considers those facts or legal arguments to be wrong; and

(c)any facts and legal arguments relied on by the issuer of the notice of response; and

(d)      how the legal arguments apply to the facts; and

(e)       the quantitative adjustments to any figure referred to in the notice of proposed adjustment that  result from the facts and legal arguments relied on by the issuer of the notice of response.

[84]     Where the taxpayer and the Commissioner still remain apart the scope of any challenge  by  the  taxpayer  will  be  governed  by  any  further  exchange  between  the Commissioner and the taxpayer under s 89M. Before 2005 the Commissioner could if he chose issue a disclosure notice setting out his statement of position. He must now  always  do  so.  To  this  statement  the  taxpayer  is  obliged  to  respond.  Each  is required to outline the facts and the evidence on which they intend to rely, the issues they consider will arise and the propositions of law on which they will rely.

[85]     It  is  only  after  this  process  is  complete  that  the  taxpayer's  challenge  can advance by way of objection to the Authority, or by way of challenge to this Court; and the taxpayer then carries the onus of establishing what tax is due and on what basis: s 149A(2)(b). And  as  I said earlier, it is only if the taxpayer discharges that onus that the Authority or this Court can give a remedy and that will amount in law to a fresh assessment.

[86]     But even before any objection or challenge is heard, the prior exchanges that the  Act  calls  for  between  Commissioner  and  taxpayer  are  designed  to  ensure  that each has a clear understanding, even in complex cases, of what is in issue, and what is not, and is alert to the implications. The process itself, in other words, is designed to guard against the exceptional case lying beyond the protective presumptions in ss 109  and  114;  the  case  where  there  is  in  truth  no  assessment  or  where  there  is conscious maladministration.

[87]     This, Accent contends, is one of those exceptional cases to which ss 109 and

114 cannot begin to apply. The Commissioner so misused his power of assessment, consciously and deliberately, he so abused his power, that he made no assessment at all. I am unable to agree.

Accent's case unexceptional

[88]     Accent  contends,  firstly,  that  its  case  must  lie  within  the  two  exceptional categories  because  the  Commissioner  has  to  be  fixed  with  knowledge  of  the pre-emptive effect of s EH8 and his own public determinations under sub-part EH. And clearly, in a sense, that is so. But it does not follow that where s EH8 and the determinations may apply, and the Commissioner assesses on some other basis, he ignored deliberately the one or the other. That begs the very question to be decided.

[89]     Section EH8 and those determinations, moreover, are and were at the times material hardly closeted. They were as accessible to the devisers of the Trinity Scheme, and to Accent and its advisers as to the Commissioner. The  deductions Accent claimed, to which the Commissioner responded, most materially the licence premium depreciation deduction claim, rest on what can only have been a deliberate feature of the scheme, on which Accent relied to exclude any 'financial arrangement'

to which s EH8 and those determinations could apply - the promissory notes.

[90]     Accent  contends,  secondly,  that  the  Commissioner  ignored  deliberately  the state of opinion within his own Department. That consensus was, Accent says, that the arrangements were capable of giving rise to one or more 'financial arrangements'. The only issue was as to how the deductions to which Accent was entitled were to be calculated; as to what was the core acquisition price.

[91]     The assessing officer's  answer is that, before she settled the 1997 notice  of proposed adjustment, opinions differed within the Department as to  how the arrangements were to be assessed. That is reflected, she says, in the notice issued. It

set out a series of alternative grounds for disallowing the two forms of deduction claimed.   But,   she   says,   the Commissioner's ultimate position was that   the arrangements as a whole constituted a 'tax avoidance arrangement'. Whether at the

threshold  that  arrangement  gave  rise  to  one  form  of  deduction,  as  opposed  to another, was academic.

[92]     In this context Accent faces two difficulties. One is that it has to involve an inquiry into the state of debate within the Department before the issue of the notice

of  proposed  adjustment.  That  is  ruled  out  by  Westpac  as  contrary  to  the  policy underpinning the two statutory presumptions. The other is that, even if the assessing officer chose to focus on the grounds for disallowing the deductions Accent claimed, when she had advice that the arrangement could give rise to one or more 'financial arrangements', that is hardly fatal. That, as the Court of Appeal said in Westpac, does not  mean  that  she  was  dishonest.  Nor  can  it  erode  the  validity of  the  assessments made.

[93]     In his 1997 notice of proposed adjustment, moreover, the Commissioner fully declared  his  hand.  Amongst  the  grounds  he  identified  for  disallowing  the  licence premium depreciation deduction Accent claimed, his second ground was that it could not be claimed because it involved a 'financial arrangement'. This was his reason:

Licence: Financial  Arrangement. The right created under the  transaction documents is  not  'depreciable  property'  for  the  purposes  of  section  EG1 because  it  is  a  financial  arrangement  in  terms  of  the  definition  in  sections OB1/EH14. The definition of 'depreciable property' in section OB1 exclude a 'financial arrangement' by paragraph b(iii) of that definition.

[94]     To this, Accent responds, the Commissioner deliberately omitted to identify other wider ways in  which that element of the transaction  gave rise to a  'financial arrangement'. He did not point out that any such 'financial arrangement' meant that he had to assess under sub-part EH.

[95]     The difficulty Accent faces however, here too, is that in its notice of response

it  took  the  position  that  the  promissory note  was  a  'financial  arrangement'  but  the licence was not. Nor did it refer then or later to sub-part EH as applying in any more general way. Its case was that it was entitled to the deduction it had claimed under sub-part  EG.  In  part  that  goes  some  way  to  explaining  why  the  Commissioner elected, as the assessing officer said as a matter of strategy, not to rely on this ground for the 1998 year.

[96]     Accent next says that in this Court and on the two appeals the Commissioner deliberately  adhered  to  the  occluded  'financial  arrangement'  identified  in  the  1997 notice of proposed  adjustment, without stating its consequence  in law.  Even when the assessing officer was cross-examined in this Court and accepted that the licence premium could have been assessed under sub-part EH, she omitted to say that this was the only way in which it could be assessed; that there was no choice.

[97]     Once  again,  however,  Accent's  stance  now  cannot  be  reconciled  with  its stance then. In its challenge to this Court and on its appeals Accent sought to have

set aside the Commissioner's assessments disallowing the two forms of deduction it had  claimed.  In  this  Court  and  on  the  first  appeal  it  continued  to  contend  for  the licence  premium  depreciation  deduction.  It  was  only in  the  Supreme  Court  that  it sought the lesser deduction it now says it was entitled to; the deduction it says was obligatory. But even then other investors continued to pursue the deduction always claimed. The issue before each Court, then, was whether all taxpayers engaged in the litigation were entitled to the deductions disallowed. It was not whether they were entitled  to  the  lesser  and  inconsistent  deduction  Accent  now  seeks  to  vindicate. Moreover, the ultimate issue was whether, as the Commissioner had held it to be, the Trinity scheme was nothing more than a 'tax avoidance arrangement'.

[98]     Accent's then counsel contended before this Court on the initial challenge that any   'financial   arrangement'   that   arose   from   the   licence   premium   terms   was extinguished immediately by the promissory note. When the Commissioner's counsel argued that Accent's counsel had conceded in opening that the licence premium was part of a disqualifying 'financial arrangement' Accent's then counsel disclaimed that. Venning J at [130] expressed Accent's case in this way:

[T]here  was  only  one  relevant  financial  arrangement  in  this  aspect  of  the transaction,  namely  the  promissory  note  which  discharged  and  satisfied SLFJV's obligation to pay the licence premium.

[99]     Accent's position then was, Venning J said at [132] and [133], that the licence premium payable, independent of the promissory note, was not a 'financial arrangement'  and  not excluded from the definition of depreciable  property.  That

remained the position of all appellants in the Trinity litigation, even in the Supreme

Court, except insofar as Accent then sought to shift stance.

[100]   Accent relies finally on the Supreme Court's conclusion that the promissory note  satisfied  the  licence  premium  liability  in  a  'jurisprudential'  not  'commercial' way.  That  has  to  confirm,  Accent  says,  what  must  have  been  self  evident  to  the Commissioner   from   the   outset;   that   if   the   licence premium element of   the arrangements  were  assessed  as  a  'financial  arrangement'  under  sub-part  EH  the promissory note would play no part.

[101]   Sub-part EH, Accent contends, strips away form and is concerned only with economic  substance.  The  corollary  has  to  be,  Accent  contends  further,  that  the Commissioner  deliberately  closed  his  mind  to  the  fact  that,  if  Accent  had  been assessed  under  sub-part  EH,  the  Trinity  scheme  could  not  then  have  been  a  'tax avoidance arrangement'. Sub-part EH effectively renders s BG(1), the anti avoidance provision, redundant.

[102]   Once again, however, context is everything. The Supreme Court held at [119] that  the  promissory  note  was  'an  artificial  element',  a  'gratuitous  mechanism', included for the very purpose of enabling Accent and its co-venturers to claim the very   forms   of   deduction   finally   disallowed   as   aspects   of   a   'tax   avoidance arrangement' as void against the revenue.

[103]   To the extent that sub-part EH had a part to play, that could only have truly come  into  focus  once  Accent's  actual  claims  had  been  set  to  one  side.  But  if  they were  set  aside  as  the  fruit  of  a  'tax  avoidance  arrangement'  whether  sub-part  EH could  ever  have  been  a  threshold  basis  deduction  became  academic  unless  that sub-part has the transfiguring effect that Accent claims for it. That never began to be explored.

[104]   For these reasons, on the indisputable record, it cannot begin to be said that the  Commissioner  made  his  assessments  dishonestly,  or  defectively,  in  the  ways Accent pleads in its statement of claim. Accent cannot rely on those pleadings, taken as correct, to resist the Commissioner's application.

Conclusions

[105]   Accent's challenge to the validity of the 1997 - 98 assessments does not lie within the  two  exceptional  categories  of  case,  beyond  the  reach  of  the statutory presumptions in ss 109 and 114 of the Tax Administration Act 1994. The sources of any invalidity on which Accent relies in its statement of claim to contend for the one or the other do not begin to found the conclusion that the Commissioner either made no assessment or was culpable of conscious maladministration.

[106]   Accent's  present  review  challenge  relies,  moreover,  on  a  proposition  that  it could easily have advanced from the outset. But that proposition is antithetical to the deduction Accent actually sought and defended until  the  hearing  in  the  Supreme Court. Accent only advances it now because of the adverse decisions it has suffered in this Court and on appeal. And its challenge now has to be a collateral attack not just on the two assessments, deemed by statute to be correct and valid, but on the three decisions vindicating their correctness. In all of these senses it constitutes an abuse of process and must be struck out.

[107]   It is not necessary for me to  decide  whether,  absent  an  abuse  of  process, Accent's present application should also be struck out for untenability. What is clear

is that, in contending that it was always entitled to have the licence premium aspect

of the arrangement assessed as a 'financial arrangement' under sub-part EH, and that this answers any possibility that the scheme  was  a  'tax  avoidance  arrangement', Accent still has to face the three decisions adverse to it on its statutory challenge.

[108]   Each  Court  held  that  the  purpose  and  effect  of  the  scheme,  understood objectively,  was  to  entitle  investors  to  the  two  forms  of  deduction  eventually disallowed.  Each  Court  held  that  the  scheme  was  fatally  lacking  in  any  sensible commercial rationale.

[109]   Assuming, in Accent's favour, that it  can  establish  objectively  that  the

'financial arrangement' giving rise to the deduction it now seeks could lie within the purpose and effect of the scheme, that will still not be enough. Nor will it be enough

for Accent to be able to say that a sub-part EH  analysis denies the element of the

scheme,  described  as  gratuitous  and  artificial,  the  promissory  note,  of  any  further part. It must still, to the extent that it is not estopped, negate the conclusion of each Court, most especially that of the Supreme Court, that, objectively, the primary or certainly a more than incidental purpose or effect of the scheme was tax avoidance. At the very least that is a formidable task.

[110]   The Commissioner's application to strike out Accent's statement of claim is granted.  The  Commissioner  seeks  indemnity costs.  If  the  Commissioner  wishes  to support that by submission it is to be filed within ten working days of the date of the issue of this decision. Accent's reply is to be filed within the succeeding ten working days.

P.J. Keane  J