The $250 million industry adjustment assistance package to help eligible taxi and hire car licence holders adjust to the point to point transport industry changes closing 13 January 2017 (NSW)

The NSW Government has established a $250 million industry adjustment assistance package to help eligible taxi and hire car licence holders adjust to the point to point transport industry changes.

The package includes:

  • $98 million for transitional assistance for eligible taxi licence holders
  • $142 million for taxi licence holders facing hardship 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 $250 million package.

Transitional assistance

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

It consists of $20,000 payments per eligible ordinary transferable licence, for up to two licences.

Applications for transitional assistance payments are open from 14 July 2016 to 13 January 2017.

The Transitional Assistance Payments Online Application Form draws data from records held by Roads and Maritime Services so it’s important to make sure your details are up-to-date and complete. To check and update your records, visit My Records.

If you need advice on updating your records, please visit the Roads and Maritime Services(link is external) website or call 1800 227 774.

For more information (source) >>> Point to point – industry assistance

Image: Peter Kasprzyk

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