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Fair and equitable compensation for taxi plate owners.

ACT Government manipulating the taxi industry and destroying family lives in the process

Canberra taxi drivers despair as Government decision sends plate values plummeting

For many taxi owners, the position taken by the ACT Labor Government is simply unconscionable, un-Australian, unfair and unacceptable.

When Sok Kheng Ngep invested more than $500,000 in two taxi plates, he thought he was securing his family’s future.

ACT Taxi Crisis Sok Khen NgepKey points:

  • Taxi plate owners claim investments have lost 75 per cent value
  • ACT Government recently slashed lease rates
  • Drivers call for compensation

 

But in a flash, his investment lost more than 75 per cent of its value and now he risks losing his house.

 

Taxi drivers claim the ACT Government’s decision to slash the cost of leasing plates from $20,000 per year to $5,000 per year massively devalues their investments.

 

Perpetual taxi plates, like those owned by Mr Ngep, have not been sold to individuals since 1995, and many owners saw them as a safe investment for their futures

 

 

The ACT Government rejected any wrongdoing and claimed that anyone who invested in plates had done so at their own risk.

 

“People who have made investment decisions will have done that under their own guidance and advice,” Mr Ramsay said.

The financial, emotional damage generated by the ACT Labor Government can no longer be tolerated. 

SITEMAP

VISIT the SITEMAP LINK which represents the interests of all taxi plate owners and operators and drivers.

Goal

We are representing the interests of all taxi plate owners in response to financial losses in income and asset value forced upon us by the NSW Mike Baird Liberal State Government and other NSW parliamentarians.

DISCLAIMER

Please visit the Taxiowners Disclaimer which states it position on taxi matters in Australia.