The Liberal and Nationals Government has delivered on its commitment to the taxi industry in NSW with the first cash payments made to taxi licence owners today, as part of the Government’s $760 million financial assistance package.

This is in addition to the $145 million in assistance already provided to the industry by the NSW Government, taking the total amount of the financial package to $905 million. 

Minister for Transport, Veterans and Western Sydney David Elliott said the scheme is available to owners of eligible taxi licences to assist them with the transition to the removal of any limits on taxi licence supply.

“The Liberal and Nationals Government has delivered the first cheques to NSW taxi licence holders as part of the country’s most generous assistance package.” Mr Elliott said.

“It’s pleasing to see the delivery of much-needed financial assistance to taxi licence holders and will ensure families who paid out their hard earned cash are not left with the burden of debt.”

The package provides $150,000 for every Sydney metropolitan taxi licence holder with a cap of six plates. Each regional taxi plate will be paid between $40,000 and $195,000, with no cap on the number of plates.

Minister for Regional Transport and Roads Sam Farraway said more than 4000 licence owners will be eligible to apply for financial assistance.

“As at today, licence owners have made 2516 applications for financial assistance.” Mr Farraway said.

“Licence owners who have been assessed by Transport for NSW as eligible to receive assistance funds will start to receive cheques in the mail over the coming weeks.”

The application process for financial assistance can be completed online and will be open until Wednesday 31 May 2023.

Help is available on 131 727 for those wishing to apply for the financial assistance scheme or applying for a new licence during the transition period.

For more information on the licence transition, go to pointtopoint.nsw.gov.au

To apply for financial assistance, go to transport.nsw.gov.au/projects/programs/point-to-point-transport-reforms