Point to Point Industry Adjustment Assistance
The NSW Government established an industry adjustment assistance package of up to $250 million.
These funds have been made available across three streams:
- Transitional Assistance Payment Scheme;
- Additional Assistance Hire Vehicles Payment Scheme; and
- Additional Assistance Payment Scheme.
A Taxi and Hire Vehicle Industries Assistance Panel (the Panel) was established to oversee the industry adjustment assistance package.
The industry assistance package is funded by the Passenger Service Levy.
Since 1 February 2018, all point to point transport service providers have been required to pay the $1 levy on all trips (including taxi, hire car and rideshare) taken in NSW. Service providers can choose to absorb this cost or pass it onto their passengers (with GST).
The levy will be in place for no more than five years, or until it raises the full amount required to fund the industry adjustment assistance package - whichever comes first.
Transitional Assistance Payment Scheme
Under the Transitional Assistance Payment Scheme (TAP scheme) holders of eligible Taxi-cab licences could apply for payment of $20,000 for each eligible ordinary licence up to a maximum of two eligible ordinary licences.
These payments were intended to assist taxi licence holders to adjust to changes to the regulation of the point to point transport industry.
Over $94.2 million was distributed to more than 4000 eligible taxi licence holders under the TAP Scheme.
Read more information about the TAP Scheme at Transitional Assistance Payment Scheme and Additional Assistance Hire Vehicles Scheme.
Additional Assistance Hire Vehicles Payment Scheme
The Additional Assistance Hire Vehicles Payment (AAHVP) Scheme was established in recognition of the fact that changes to the regulation of hire vehicles meant that hire vehicle licences were no longer required.
The AAHVP Scheme distributed $8.3 million to 99 eligible hire vehicle licence holders, for 150 eligible hire vehicle licences.
Read more information about the AAHVP Scheme at Transitional Assistance Payment Scheme and Additional Assistance Hire Vehicles Scheme.
Additional Assistance Payment Scheme
The Additional Assistance Payment Scheme (AAPS) was established by the NSW Government to provide financial assistance to persons who were involved in or connected to the taxi and hire vehicle industry and were detrimentally impacted directly by the Point to Point Transport reforms.
Payments under this Scheme were directed towards eligible applicants who are most likely to be vulnerable to financial hardship.
The AAPS was not intended as a compensation scheme.
Payments of AAPS were determined on the basis of the information provided by the applicant in their application having regard to the eligibility criteria recommended by the Panel and accepted by the Minister.
Further information about the role of the Panel is available at Additional Assistance Payment Scheme.