The Government has changed the way it regulates point to point transport services. A new regulatory framework commenced on 1 November 2017.
Under the new rules:
- Rank and hail trips in a taxi will still be subject to maximum authorised fares, determined by Transport for NSW.
- Booked trips in a taxi will no longer be subject to maximum authorised fares.
The new framework also requires Transport for NSW to decide how many new annual taxi licences will be issued each year. This will extend existing licensing arrangements for Sydney to all other parts of the state.