New laws put passengers first
Published: 11 August 2017
New legislation has passed the Victorian Parliament, delivering more choice and safer services for passengers and a generous support package for taxi and hire car licence holders.
The Commercial Passenger Vehicle Industry Bill replaces Victoria's complex licencing regime with a single registration system that will ensure stronger standards, safer services and create 3,500 local jobs.
The Bill abolishes up-front taxi licence fees of up to $23,000 per year, reducing costs for taxi operators and putting downward pressure on fares.
This will create a level playing field for taxis to compete with rideshare services, and encourage new operators to enter the market, boosting competition, choice and the quality of services.
The Bill also includes more than half-a-billion dollars in financial assistance for the existing taxi industry – by far the largest transition and support package in Australia.
Through this package, perpetual metropolitan licence holders will receive $100,000 for their first licence and $50,000 per licence for up to three more. Ninety-eight per cent of owners have four licences or less.
The package also includes a Fairness Fund to provide targeted assistance for industry participants experiencing significant financial hardship, and $25 million investment to improve and expand accessible services.
A second Bill to follow in late 2017 will complete the reforms which, once fully implemented in 2018, will establish a single commercial passenger industry and give Victorians more transport choices, better service and improved safety.
For more information about the reforms, visit transport.vic.gov.au/ride-share