Hardship Assistance - Taxi and Hire Vehicle Industry

Published
The final piece of a $250 million taxi and hire vehicle industry assistance package is now open, with $142 million being made available for industry members facing hardship.

The final piece of a $250 million taxi and hire vehicle industry assistance package is now open, with $142 million being made available for industry members facing hardship.

“Industry members who can show they are doing it tough will have three months to lodge an application through the assistance scheme after it opened today,” a Transport for NSW spokesperson said.

A Taxi and Hire Vehicle Industries Assistance Panel will oversee the assistance scheme and review all applications.

The Panel has identified particular industry segments that have potentially been most affected by the reforms and may be most vulnerable to financial hardship. These include taxi licence holders who hold a high level of debt directly associated with their licence, or taxi licence owners who are dependent on their taxi licence income to meet their everyday costs of living.

New Point to Point Transport legislation was brought in last year in response to emerging technologies, the growing number of new rideshare services in the industry and changing customer expectations.

On 1 November 2017, major changes were made to the industry opening the way for new players, while setting clearer ground rules for safety and allowing greater industry autonomy.

“At the heart of the reforms has been a commitment to safety, with companies deciding how best they meet those standards” a Transport for NSW spokesperson said.

“While the reforms have delivered benefits to customers and industry alike, adjusting to the changes has been challenging for some.”

“As such, the $142 million will be made available to licence holders who can show they have a high level of debt, or are dependent on licence income to meet everyday costs of living.” the spokesperson said.

For further information about the scheme, go to
www.transport.nsw.gov.au/industryassistance.