Unregulated number of ACT rideshare vehicles and unfair taxi insurance costs

Taxis industry in ACT is in a terrible state since the introduction of commercial ridehsare and crashing of ACT taxi leases from $20,000 down to $5,000 for ACT taxi owners in 2017 to 2022 and plate values have spiraled downwards from $275,000 to $20,000! This non-level playing field is the top of the iceberg when one considers the excessively high taxi insurance (CTP) insurance premiums.

MOTOR ACCIDENT INSURANCE (MAI) RATES FOR ACT TAXIS

These figures are based on 2022.

• APIA     $8,275.20 /annum
• NRMA:  $7,919.80 /annum
• AAMI:    $8,232.20 /annum
• GIO:      $7,849.30 /annum

Taxi Costs per Quarter (2022)

• Business Usage Registration fee, tare exceeding 1504kg $189.70
• Short term restoration surcharge $10.00
• MAI for a Taxi $1973
• ACT Registration Road Rescue Fee $7.20
• Road Safety Contribution $0.60
• Motor Accident Levy for taxi $4.00
• Reg Lifetime Care and support levy for taxi $15.10
  Total per quater is $2199.60

 

Driver Accreditation

• Rideshare driver accreditation application fee – only $50.00 (non-refundable)

Vehicle Licence

• Rideshare vehicle licence fee – only $100.00 annually or -$450.00 for six years

https://www.accesscanberra.act.gov.au/s/article/rideshare-accreditation-and-licensing-in-the-act-tab-forms-and-fees

source : ACT Public Vehicles Industry September 2022 Stats