Transport for NSW today announced a freeze on taxi fares for customers and that no new licences would be issued for Sydney next financial year.
The Independent Pricing and Regulatory Tribunal (IPART) recently handed down its recommendations on metropolitan fares and licence numbers.
In accordance with IPART’s recommendations, licences will only be issued from 1 July 2015 to replace those licences that have been, or are expected to be, handed back to Roads and Maritime Services during the coming year.
This includes 39 unrestricted taxi licences, 71 peak availability taxi licences and two fringe area licences for the Richmond/Windsor area.
We believe a freeze on taxi fares and new licences is a fair way to balance the needs of customers for affordable and available taxis and the needs of taxi drivers and operators.
We also believe that decisions about licences should reflect the current experience of drivers and operators.
IPART is also reviewing the maximum taxi fares to apply outside of Sydney, with any change to fares to apply from 1 July 2015.
The Transport for NSW 2015-16 taxi licence determination will be available on this website.