Point to Point - Industry assistance

    NSW Government has established an industry adjustment assistance package of up to $250 million to help eligible taxi and hire car licence holders.

    The package includes:

    • Up to $98 million for transitional assistance for eligible taxi licence holders
    • Up to $142 million in additional assistance for eligible taxi licence holders facing difficulty as a result of the changes
    • Up to $10 million for an additional assistance scheme for eligible hire car licence holders

    A Taxis and Hire Vehicles Industries Assistance Panel, with representation from the NSW Taxi Council, has been established to oversee the industry adjustment assistance package.

    Transitional assistance

    The first stage of the industry adjustment assistance package was the transitional assistance for taxi licence holders who held a licence before 1 July 2015 – and continued to hold that licence up until payment of the transitional assistance.

    The scheme consisted of $20,000 payments per eligible ordinary transferable licence, for up to two licences. 

    Applications for transitional assistance payments closed on 13 January 2017. 

    If you have any questions about the transitional assistance paskage, please email taxiassistance@transport.nsw.gov.au or contact Point to Point Information on 1300 767 923.

    It is important for all recipients to note the tax implications on the transitional assistance payment. You can read more in the Australian Taxation Office (ATO) factsheet (PDF, 74.92 KB)  or contact the ATO at taxadvice@ato.gov.au or on 13 28 61.

    Additional assistance for taxis

    The industry adjustment assistance package includes up to $142 million in additional assistance for eligible taxi licence holders.

    The Taxis and Hire Vehicles Industries Assistance Panel has oversight of this fund.

    In the coming months, more information will be made available to eligible taxi licence holders on how to apply for additional assistance.

    Additional assistance for hire cars

    Up to $10 million has been allocated to an additional assistance scheme for eligible hire car licence holders, in recognition that hire car licences are no longer required.

    The Taxis and Hire Vehicles Industries Assistance Panel has oversight of the $10 million scheme.

    More information on when applications for the scheme open will be made available to eligible hire car licence holders shortly.

    Business advisory services

    In addition to the industry adjustment assistance package, the NSW Government is providing $3 million for specialised business advisory services to the taxi and hire car industries.

    Business Connect is a dedicated and personalised NSW Government program, with dedicated point to point transport advisors, workshops and events, to help the taxi and hire car industries adapt to the point to point transport industry reforms.

    Further assistance

    A number of free financial counselling services are offered for people in hardship at the Financial Counsellors’ Association of NSW’s website, including help from the National Debt Hotline.