The NSW Government is facing increased pressure from thousands of taxi license owners as they demand fair compensation for financial losses suffered since ride-sharing services were introduced to the transport industry.
NSW Transport Minister David Elliot this week presented a proposed new pay package to the state’s Premier, Dominic Perrottet, and Treasurer, Matt Kean.
“I want to do something that will be fair for consumers, fair for taxi drivers and of course see the transition as quick and painless as possible for those who have lost money,” Elliot said. 10 news first tuesday.
The news comes after a $1 billion compensation proposal by Mr Elliott was left out of the state budget tabled on Tuesday, June 21.
Under the proposal, compensation payments for NSW taxi license owners who have been affected by the introduction of ride-sharing services like Uber to the transport industry, were to be increased from $20,000 to $200,000 $.
These increased payments would be funded by an extension of the $1 passenger service tax, currently applied to each taxi or rideshare car ride.
The proposal was seen as a step in the right direction towards fair compensation for taxi license owners, but its exclusion from the state budget has angered the taxi industry, its members and its supporters.
‘It can’t go on’:
Roula Angelopoulos is a taxi license owner and operator who has been waiting for years for fair and appropriate compensation.
Talk to 7 NewsRoula said she never thought the government would “betray” them by introducing ride-sharing services to the market and deregulating the reserved market.
And she is not alone.
Sydney taxi driver Peter Sorras borrowed against his house to buy a $370,000 taxi plate seven years ago. Today it is basically worthless. He said 10 news first he now has a huge debt.
“If I had known it was coming, I wouldn’t have bought it,” Mr. Sorras said.
“Every day I am disappointed. Every day I am stressed. It affects my family, my children and my wife.
One person who has been campaigning for these taxi license owners for more than seven years is the NSW Shadow Minister for Small Business, Property and Multiculturalism, MP Steve Kamper.
He said The Greek Herald now is the time for the NSW government to act.
“Enough is enough. This cannot go on,” Mr Kamper said.
“The government has already kept thousands of taxi license owners waiting for more than seven and a half years. They can’t keep torturing people like this.
READ MORE: Greek community supports NSW Taxi Industry Pledge for fair compensation.