Minister Ends Taxi Contract

Minister Ends Taxi Contract

Victoria Minister for Public Transport Terry Mulder

Contract With BSX Services Not Renewed

Victor P Taffa

Victorian Minister for Public Transport Terry Mulder has announced that the Department of Transport will not be extending its agreement with BSX Services Pty Ltd (BSX) to manage the trading arrangements associated with the transfer and assignment of Melbourne Taxi Licences.

The BSX Taxi Market was established in March 2006 to provide a centralised trading platform for Metropolitan Taxi Licences.

Mr. Mulder said the new arrangements will give Taxi Industry participants the flexibility to manage their own Taxi Licence transfer and assignment transactions by dealing directly with the Victorian Taxi Directorate (VTD).

“The actual process for transferring and assigning taxi licences will remain the same.” Mr. Mulder said.

 

“However, under this new arrangement, licence holders and prospective transferees and assignees will be able to choose whether they go to a taxi broker, or directly transfer or assign a licence to each other without a brokerage fee.”

Mr. Mulder said existing taxi brokers, whose BSX authorisations will be recognised by the VTD, will continue to be subject to a strict professional code of conduct.

The ongoing management of the transfer and assignment of taxi licences will be referred to the forthcoming independent review of the Victorian taxi industry for investigation.

In the interim, industry participants will be able to obtain relevant documentation, such as application forms and contracts, as well as relevant up-to-date price data, required for the transfer and assignment of licences on the Victorian Taxi Directorate website.