Taxi industry accepts NSW Government’s $905 million assistance package after initial refusal

·

The NSW Taxi Council has accepted the state government’s $905 million assistance package last night, ABC News has reported.

This comes as the taxi industry initially rejected the offer on the grounds that the offer was “still short” and the NSW Government needed to do more.

The NSW Minister for Transport, Veterans and Western Sydney David Elliott gave the NSW Taxi Council a 24 hour deadline on Monday to accept the government’s “final offer.”

NSW Transport Minister David Elliott. Photo: AAP.

Mr Elliott said if the council did not accept the offer, it would be sent for independent assessment, which could have seen taxi drivers given far less.

But according to The Daily Telegraph, the NSW Taxi Council agreed to accept the offer late on Monday night, subject to the compensation payments not being subject to income tax.

The deal aims to compensate taxi licence holders following the introduction of ride-sharing services, like Uber, into NSW in 2015.

The new package provides $150,000 for every Sydney metropolitan taxi licence holder with a cap of 6 plates. Each regional taxi plate will be paid between $40,000 and $195,000, with no cap on the number of plates.

Picture: NCA NewsWire/Bianca De Marchi.

NSW Labor Leader, Chris Minns, backed the package on Monday and said it was “fair and reasonable.”

“I think we need to show the industry and those who are stakeholders here that there’s bipartisan support for this package,” Minns said.

Taxi licence owner, Kyriakos Koliadis, also shared his thoughts with The Greek Herald.

“We are not very happy about the final result but taking into consideration that the country is going through financial problems and we are realistic people, we accept the latest offer from the government provided it’ll be tax free,” Mr Koliadis concluded.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Archbishop Makarios of Australia issues Easter Message for 2025

Archbishop Makarios of Australia has released his 2025 Easter message, reflecting on the impact of loneliness.

Comic author Peter Barber and his Greek Orthodox Easter ‘adventures’

Award-winning British author Peter Barber writes books about… Greece. So far, he has published five books about his second, or first, home!

Peter Dutton MP’s Easter message: Honouring faith and the Greek Australian legacy

Australia’s Leader of the Opposition, Peter Dutton MP, has issued a message to Greek communities to mark Orthodox Easter today.

Anthony Albanese MP praises Greek community in heartfelt Easter message

Federal Labor leader, Anthony Albanese, has sent a message to mark Orthodox Easter this year. Read the full message here.

High Commissioner of the Republic of Cyprus in Australia sends heartfelt Easter wishes

High Commissioner of the Republic of Cyprus in Australia, Antonis Sammoutis, sends a message for Orthodox Easter.

You May Also Like

Kon Karapanagiotidis serves Philoxenia recipes to save refugees

It’s Day 8 of the Appeal to save the Asylum Seeker Resource Centre (ASRC), and Kon Karapanagiotidis is working 18-hour days.

Sydney Greek Orthodox private schools to have funding boosts by 2029

Three Greek Orthodox private schools are set to have funding increased from 2024-2029 according to analytics by The Sydney Morning Herald.

Prime Minister Scott Morrison releases hopeful Easter message to Australians (Greek attached)

Australian Prime Minister Scott Morrison has released a message to all Christians during this Easter period, expressing that this holy period.