- Release Date: 16/11/15 08:49
- Summary: GENERAL: THL: German Wholesaler Driver Licence Interpretation
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THL 16/11/2015 08:49 GENERAL NOT PRICE SENSITIVE REL: 0849 HRS Tourism Holdings Limited GENERAL: THL: German Wholesaler Driver Licence Interpretation 16 November 2015 TOURISM HOLDINGS LIMITED (thl) NZX RELEASE German Wholesaler Driver Licence Interpretation Tourism Holdings Limited (thl) has been advised by one German wholesaler of tourism products that they believe German tourists travelling in a foreign country can only drive vehicles up to the weight of the maximum permitted for the class of licence held by the tourist in their home country. The assertion applies to all of thl's current operating markets. Given that some of this information is public, thl wishes to clarify its position on this matter. The view of the German wholesaler is very different from that followed for decades in many countries in the world. To date, it has been broadly accepted that a tourist can drive a vehicle in a foreign country that is permitted by the equivalent class of licence to their home licence - so that the weight limits of the country they are visiting will apply. thl believes this makes sense as the weight limits for vehicles relevant to a class of licence in any country typically reflect the driving conditions of that country. thl does not accept the German wholesaler's view which appears to assume that German laws will effectively apply in other sovereign jurisdictions around the globe. In fact, each sovereign state makes and enforces its own laws, including laws that provide for foreign drivers. thl has advised the German wholesaler of its difference of view. However, the German wholesaler has elected to advise its customers of its own view. It is possible that this may impact on thl's future sales through this channel although thl is taking steps to minimise any potential disruption and seeking to clarify the position so that customers may hire vehicles with confidence. thl understands that, for German and many other EU drivers, the issue is largely limited to drivers who were licensed for the first time after 1 January 1999, when the weight limits were reduced from 7.5t to 3.5t. EU drivers who were licensed before that date, who are presently the majority of thl's EU customers, remain entitled to drive vehicles up to a gross laden weight of 7.5t. The matter is considered most relevant in the USA, where the vehicles that thl hires are generally a greater weight than the standard German or other EU car licence conditions allow in Germany / the EU. There have been no adverse impacts to the business to date and all other trade partners are continuing to operate as normal under our current long standing arrangements and understandings. thl is considering possible workarounds to address this matter while a resolution is sought. thl is also liaising with its insurers to ensure that its insurance cover is not affected by this matter. To date the insurers have indicated that they are supportive of thl's position. As this is an industry matter, thl is working with other operators to address it. END Authorised by: Rob Campbell Chairman Tourism Holdings Limited For further information contact: Grant Webster thl Chief Executive Direct Dial: +64 9 336 4255 | Mobile: +64 21 449 210 Mark Davis thl Chief Financial Officer Direct Dial: +64 9 336 4212 | Mobile +64 27 444 0199 End CA:00273465 For:THL Type:GENERAL Time:2015-11-16 08:49:09
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