The combination of "accounting losses" and "paying dividends" does have a touch of the Ponzis about it and what happens if Transurban goes belly up before it begins paying tax? Or, as is more likely, simply keeps buying new things and booking more "accounting losses"? Faithful PwC is there for $4.5m in fees – up from $3.8m in the prior year – to help with advice on these things, and do a spot of audit work too.