cheaper taxi fares, page-16

Good ideas Mr KR. Degregulation of the industry is what may be needed, not too easy to do in Aust.


The taxi industry is heavily regulated in most Australian cities, with regulations covering the number of taxis, industry structure, service quality and prices. These regulations have been retained despite numerous Australian and international reviews finding that the taxi industry is over-regulated in Australia and other countries respectively (see Productivity Commission 1999; National Competition Council 2000; UK Office of Fair Trading 2003; OECD 2007). Moreover, in cities in New Zealand, Ireland, the Netherlands, Sweden and the United Kingdom where supply restrictions have been removed or loosened, ‘the results of these reforms have been highly positive, with reduced waiting times, increased consumer satisfaction and, in many cases, falling prices being observed’

Gotta fight the fight to convince beaurocrats. I believe it won't be cheap and current license holders will need to be compensated or strikes will ensue as has happened where taxi's become deregulated without careful planning. some of these guys pay big $ I believe >150k for plates. Then employ every non-speaking new resident to drive everyone around-crazy!