CTI Joint Venture Company Pty Ltd v Chief Commissioner of State Revenue [2013] NSWSC 20

Supreme Court New South Wales

Medium Neutral Citation: CTI Joint Venture Company Pty Ltd v Chief Commissioner of State Revenue [2013] NSWSC 20 Hearing dates: 29 October 2012 Decision date: 30 January 2013 Jurisdiction: Equity Division - Revenue List Before: Gzell J Decision: Arrangement constituted a novation and neither s 8(1)(b)(i) nor s 8(1)(a) of the Duties Act 1997 applied. Assessment revoked. Catchwords: TAXES AND DUTIES - Stamp Duties - call options with power in optionee to nominate a substitute - whether an agreement for sale or transfer within s 8(1)(b)(i) of the Duties Act 1997 - nomination effected by giving a call option nomination notice - whether a transfer of dutiable property within s 8(1)(a) of the Act Legislation Cited: Duties Act 1997 (NSW) Cases Cited: ALH Group Property Holdings Pty Ltd v Chief Commissioner of State Revenue [2012] HCA 6; (2012) 245 CLR 338 Braham v Walker [1961] HCA 7; (1961) 104 CLR 327 Carter v Hyde [1923] HCA 36; (1923) 33 CLR 115 Coles Myer Ltd v Commissioner of State Revenue (Vic) (1998) 4 VR 728 Commissioner of Taxes (Qld) v Camphin [1937] HCA 30; (1937) 57 CLR 127 Gathercole v Smith (1881) 17 Ch D 1 Goldsborough Mort & Co Ltd v Quinn [1910] HCA 20; (1910) 10 CLR 674 Laybutt v Amoco Australia Pty Ltd [1974] HCA 49; (1974) 132 CLR 57 Littlewoods Mail Order Stores Ltd v Inland Revenue Commissioners [1963] AC 135 Franklins Pty Ltd v Metcash Trading Ltd [2009] NSWCA 407; (2009) 76 NSWLR 603 at 698 [388] Re United Railways of the Havana and Regla Warehouses Ltd [1960] 1 Ch 52 Scarf v Jardine (1882) 7 App Cas 345 Spiro v Glencrown Properties Ltd [1991] Ch 537 Texts Cited: JW Carter, Elisabeth Peden and GJ Tolhurst, Cases and Materials on Contract Law in Australia, 5th ed (2007) LexisNexis Butterworths Category: Principal judgment Parties: CTI Joint Venture Company Pty Ltd (Plaintiff) Chief Commissioner of State Revenue (Defendant) Representation: Counsel: M Richmond SC/ Christopher Peadon (Plaintiff) N Hutley SC/ M Sealey (Defendant) Solicitors: King & Wood Mallesons (Plaintiff) Crown Solicitors Office (Defendant) File Number(s): SC 2012/165290