Taxi Plate Owners have had their Life Savings Stolen by the ACT Government

The ACT Government stole more than $65 million from 170 ordinary people of Canberra. They continue to back legislation that is ruining the lives of over a thousand people in the ACT Taxi Industry.

By knowingly manipulating the marketplace in their favor the ACT Government intentionally devalued Taxi Plate Owners’ investments. Where Taxi Plates were once valued at $250,000 they are now valued at just $40,000. The Government can cope with this loss – ORDINARY FAMILIES ARE BEING DESTROYED BY IT.

ACT Taxi Plate Owners put their life savings into this industry. They hoped that they would be able to have a fully self-funded retirement, to leave something for their children, to reap the benefits of a lifetime of hard work – NOW THEY HAVE NOTHING.

Taxi Plate Owners appealed to the ACT Government to compensate them for such crippling losses, but they were met with hostility rather than empathy. The Government released 30 new plates onto the market in January of 2019 with the intention of causing further harm to Taxi Plate Owners – THE EFFECTS OF THEIR ACTIONS WERE DEVASTATING AND INSTANTANEOUS.

Across the industry Taxi Plate Owners, Taxi Operators, and Taxi Drivers are taking home less and less of the wage they need to support their families – THE ACT GOVERNMENT ARE THE ONLY ONES BENEFITING.

The results?

• Retirees living below the poverty line in the capital city of one of the world’s wealthiest countries
• Family homes repossessed despite years of work to ensure safety and security
• An overall decline in mental health across the ACT taxi industry

The ACTTPOA wish for the ACT Government to enter into mediation with them so they can discuss fair and just reparations for the damages caused.