NSW Taxi Council continues to advocate for Fair & Proper Compensation

The Chairman, CEO and Deputy CEO of the NSW Taxi Council, together with the Vice President of TOSBA (Taxi Owners Small Business Association of NSW) recently had a meeting with the NSW Premier and Treasurer to highlight the NSW Taxi industry’s concerns regarding fair and proper compensation for all Taxi Licence owners in NSW.

Both the Premier and Treasurer were receptive to the concerns of the NSW Taxi Industry. During the meeting, a presentation was given by NSW Taxi Council CEO, Martin Rogers, on the significant impacts that the regulatory changes have had on the value of Taxi Licences since the reforms, and the need for fair and proper compensation for all Taxi Licence owners in NSW, with no cap.

The Premier and Treasurer were also reminded of the 2020 Upper House enquiry which concluded that 80% of the loss of value in Taxi Licences was a direct result of the NSW Government’s handling of rideshares’ illegal entry, and that the report subsequently recommended a buyback of ordinary Taxi Licences.

The Treasurer committed to conducting further analysis with Treasury, and the NSW Taxi Council has expressed to the Treasurer the need for this further work to be completed promptly, as the NSW Taxi Industry needs this matter to be resolved.

Currently, the emphasis is being put on reminding the NSW Government that they set the rules, the NSW Taxi industry followed the rules, and the NSW Government profited from the rules.

Rideshare entered and decided not to follow the rules, the NSW Government failed to enforce the rules they set, so they changed them, at the expense of thousands of Mums, Dads and small business owners across NSW, who followed them.

Furthermore, Ben Fordham has also highlighted, during his breakfast program on 2GB radio, the need for fair and proper compensation for all NSW Taxi Licence owners.

Ben Fordham has been talking about the issue, listening to the concerns of NSW Taxi Licence owners, and calling on the NSW Government to respond to the NSW Taxi Industry’s concerns.

We are grateful for Ben’s continued push with the fight for fair and proper compensation for NSW Taxi Licence owners.

Ben Fordham also recently interviewed NSW Transport Minister David Elliott, in which the Transport Minister stated that “they are waiting for the Treasury to sign off on the compensation package for NSW Taxi Licence owners.”

​The NSW Taxi Council thanks the various stakeholders of the NSW Taxi Industry and 2GB’s Ben Fordham, for their support towards the fight in getting fair and proper compensation for all Taxi Licence Owners in NSW.

​Read more articles in our August 2022 Issue here.