ACT Taxi Licence Owners Insisting Government Buyback 2025
Diligent Australians who invested in perpetual taxi plate licenses in the ACT as part of their superannuation and retirement are enduring financial devastation and emotional distress due to misguided decisions by the ACT State Government. Adding to the hardship, the government has consistently fallen short in providing any financial relief to compensate for the decline in the asset value of ACT perpetual taxi plate licenses. Despite repeated government refusals for compensation, we assertively demand a government-initiated buyback.
2025 IS THE YEAR THE ACT TAXI INDUSTRY WILL BE LISTENED TO
ACT TAXI PLATE - PERPETUAL LICENCE FOR SALE
Please phone 0413 701 333 for more information
ACT Taxi Plate Owners Association.
Taxi Licence Owners in ACT are now seeking a formal partial buyback from ACT Government. For more information about taxi news across Australia visit taxinews.com.au
Failure by ACT Government to look after Australian mum and dad self-funded superannuation pensioners between 2017 - 2025
ACTTPOA is insisting that the ACT Government provide financial assistance in the form of a taxi buyback program as a transitional package (without having to pay tax) to mum and dad ACT perpetual licence owners for the clear economic losses incurred from their change in regulatory stance over the taxi and commercial rideshare industry. Their SUPERANNUATIONS PENSIONS have been DESTROYED!
Unfair Level Playing Field between taxis and rideshare (Uber)
Taxi leases CRASHED to $5,000 for ACT taxi owners in 2017 to 2025 and plate values have spiralled downwards from $275,000 to $20,000!
Now virtually valueless. Barrs Government has done this over the last 8 years under the guise of introduction of driver on demand services, but this has nothing to do with the changes that they have implemented. Number of Uber vehicles in Canberra is unregulated.
Taxi Facts & Research
The outcomes of our research on ACT Government taxi industry reforms show a catastrophic economic and social impact on the ACT Perpetual Taxi LICENCE (PLATE) PRICES and TAXI LEASES due to an ill considered ACT policy initiative. The facts also covers assessing ACT Transport Policy DESTROYING LIVES OF MUM AND DAD INVESTORS .
Optional Buy-Back the only choice
This is really the only option considering that they will say buy back but NOT BASED on current market value which has been manipulated by the government – now close to $20K.
No proper ACT Government control
Government has determined maximum fares, driver qualifications, caps on ownership, car specifications, minimum service standards & insurance premiums yet not for commercial rideshare. Why?
ACT Government Stealing from Vulnerable People who bought Taxi Property
Elderly Individuals have bought taxi plate licences have had their superannuation investments and their entire livelihoods stolen by the ACT Government. The losses these people are suffering are not the result of natural market forces but rather they are the result of intentional market manipulation by ACT Labor-Greens Government officials
ACT Government on notice releasing 30 taxi plates without proper consultation
The ACT Government is on notice that ACT must provide an undertaking that it will stay its decision to release further taxi plates within the ACT until it has allowed a consultation to take place which is of a minimum period of 60 days,.
Labor Party & ACT Greens urged to stop misleading Canberran public
We aim to ensure the public are made aware of the contempt with which members of their community have been treated they will be as outraged as we are. We hope that this outrage will force the ACT Government to enter into negotiations with us for compensation.
The ACT Government Lied
THIS IS NOT A MARKET ISSUE
THIS IS A SOCIAL JUSTICE ISSUE
The ACT Government has flooded the market with their own taxi plates. They have dropped the annual lease rates for taxi plates from $20,000/annum down to $5,000 /annum and caused the devaluation of ACT Taxi Plates by more than $200,000+ in just three years.
