The NSW Government recently announced its intention to make changes to taxi licensing arrangements. The Minister for Transport and Roads and the Minister for Regional Transport and Roads have committed to closely consulting key taxi stakeholders to set up an appropriate industry assistance scheme.
Taxi licence owners should seek their own financial and legal advice on whether they should sell their taxi licence, or whether they should buy a taxi licence.
All taxi licences may be leased to a third party on a commercial basis.
The lessee is considered to be the holder of the licence and assumes the duties and conditions required of a
How to lease a taxi licence
If you don't want to use the licence to provide a taxi service, you may lease the licence to someone else under a formal lease or another arrangement
This person is considered to be the holder of the licence and is deemed to have the benefit of the licence, meaning they can use the licence to provide a taxi service.
As the licence holder, they can then sub-lease the licence to someone else, who then becomes the holder of the licence, as long as the sub-lease arrangement is in place.
A person who leases or subleases a taxi licence (or enters into an arrangement to confer the benefit of a taxi licence) to another person, must give written notice of the lease, sublease or arrangement to the person who facilitates the provision of the taxi service for the taxi licence, within 7 days of the lease, sublease or arrangement taking effect.