Taxi Reform Hardship Fund

The Victorian Government established the $4 million Taxi Reform Hardship Fund (the "Fund") to assist perpetual taxi licence owners who may have been experiencing severe financial distress as a result of reforms following the 2012 Taxi Industry Inquiry.

The Fund was overseen by Chair, Janet Dore, and a team of appointed auditors to ensure all applications were considered fairly and independently.

Outcome

Applications to the Fund opened on Thursday 19 November 2015 and closed on Friday 12 February 2016. 

KPMG undertook an audit and assessment of each application received against a set of guidelines supporting the criteria outlined above.

This process informed Ms Dore's final recommendations to the Minister for Public Transport.

All applicants have now been advised of the outcome of their application.  These results are final and there will not be an appeal process.

Taxation on payments

Every person's individual financial circumstances are different and we encourage applicants to seek independent financial advice.

However, the department applied for a taxation class ruling from the Australian Taxation Office on payments from the Taxi Reform Hardship Fund.

On 15 March 2017, the Australian Taxation Office ruled that payments made from the Taxi Reform Hardship Fund should be treated as taxable income.

The department will write to everyone who received payments to let them know about the Australian Taxation Office's decision.

More information

Page last reviewed on 15 March 2017

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