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To ensure that the communities served by taxis receive quality and innovative taxi services at a reasonable cost, all state government regulates the taxi industry in their own state. Governments specified such items as areas of operation, the numbers of taxis in those areas, maximum fares, types of vehicle, and standards of service. A Taxi Service Licence (taxi licence) is a licence issued by department of infrastructure that allows the holder to provide a taxi service in a defined area. The holder of the licence must hold Operator Accreditation (also issued by DPI) and be affiliated with a taxi network company holding a Taxi Service Accreditation or licence.
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You need a taxi licence to run a taxi and these licences can be transferred and hold a capital value. Although the licence has a term, renewal is automatic and the licence is effectively perpetual. Someone other than the owner can run the taxi that operates on a licence, which makes a taxi licence a passive or semi-passive investment opportunity.
AMB Australia offers leading skills in Taxi Management and with Taxi Operating, as well as assured support with aid for financing and consulting for all your Taxi needs. The experienced Taxi drivers on staff can understand and handle all your concerns and needs while as remaining neutral, to professionally manage Taxi licenses for investors in all states.
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There are two ways to generate an income from a taxi licence: leasing and operating (management). Either method is currently returning between 5.5% to 8.5% p/a before tax, all depend on which state. This is assessing only income, and does not assess any capital gain that may be made. Taxi Licence Leasing: Leasing a taxi licence is a passive investment. The licence owner leases their licence to a Taxi Fleet Company or individual operator who provides and owns the taxi cab. The licence owner has no involvement in the running of the taxi cab operation. The current lease price for a Taxi Licence for a regular cab in Melbourne $2,600.00, in Sydney $2,400, in Adelaide 2,000, in Brisbane $2,000, in Perth $1,538 pcm plus GST. You can always call our office on 1300 262 262 for more information.
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The capital gain available on a taxi licence has historically been one of its most attractive features as an investment, but since 1985 the introduction of Capital Gains Tax has introduced challenges for many investors. There are a range of concessions on Capital Gains Tax available to the owners of an active asset (a business). Using the Active Asset concession on top of the normal discount to an individual or trust can see the taxable amount reduced by 75%. The tax on this capital gain can be further deferred or eliminated entirely depending on the circumstances of the owner (eg rollover into super fund).
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All State Governments have always supported regulation of the taxi industry and this is supported by the recent National Competition Policy review. Taxi transport is very competitive and competes with all forms of public transport. Additionally most capital cities throughout Australia have competition within the industry as metropolitan taxi companies compete for a share of the market.
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Each state has different rules and regulations; whether it be you need to obtain an operator certificate or accreditation to become a licence holder yet in all states it is common subject to the granting of Operator or holder Accreditation, any person, partnership, company, trust or superannuation fund can own a Taxi Licence. State Licence Holder Accreditation Requirements Melbourne Metro: Yes (3 Days Course, Current Police Search and accreditation application) Sydney Metro: No police search or accreditation required. With AMB taxi brokers we will assist to lodge your application. We will also follow the transfer application hassle free and at no extra cost. Perth Metro: No accreditation but police search required Adelaide: Yes, accreditation application required Brisbane: Yes Accreditation application required.
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AMB Taxi management will assist you with purchasing your taxi licence. Please email us at admin@ambaustralia.com.au for any further assistance. Alternatively you can contact our office by phone on 1300 262 262 or fax (03) 9387 1262.
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Yes, our firm is an accredited taxi broker. We have a professional indemnity insurance and trust account which is audited annually. Therefore the most safety way to use an accredited broker.
1. You or at least one of the partner or director need to do a course in Taxicare – Taxi Operator which is run by Victorian Taxi Associates. For further information relating to courses delivered, contact TITV on 9676 2635 or admin@victaxi.com.au
2. Then you will need to apply to Victorian Taxi Directorate for Licence holder accreditation. Application form and more info can be obtained from our office or from Victorian Taxi Directorate (VTD), Level 6, 14-20 Blackwood Street, North Melbourne. Phone 9320 4376.
We would highly recommend before completing the course and the Accredition, come see one of our broker to discuss all aspects of licence ownership and whether it will suit your individual conditions and expectations. We will discuss at this meeting; -Regulation -Cost -Financing advice by our Finance Brokers -Tax and Legal Matters -Return (Lease income)
Contact us on 1300 262 262 to make an appointment!
Accreditation application for Victorian Taxi Directorate does not have any courses but you can attend one of their information session. Basically you need to complete an application form and lodge it together with police check and financial capacity form to VTD. Our office can assist you to fill up your application form and all preparation of the all process.
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In 1989, the average licence value was $123,267. By last year it had reached $449,241 — an average increase of 7.4% a year, well above the inflation rate for that period.
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Buyer (Purchaser) Part $ 150.00 Transfer Fee $ 362.45 BSX Transfer Listing Fee $ 350.00 Broker Fee That may change on market conditions Plus $ Purchase price
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One of our service is taxi management. That means we will review 6 monthly or annually your assignment price also we will collect to your assignment fee fro operators and pay to our investors directly from our trust accounts.
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We are the only independent broker therefore there is no conflict of interest. As a result market (demand & supply) decides what is the best price of licences and assignments. We always get the highest return for your investment.
We always pay on time. Whether your assignee pays or not you will receive your assignment fee on same day of every month. Our commitment to licence holders is pay on time.
Absolutely hassle free. You don't have to worry about; how much you should ask for review of your assignment who is operating your licence is your operator accredited? Is you operator financially capable to pay your assignment fees on time?
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Anywhere not less than 6%, but some states goes up to 7.5%
For example February 09 market conditions were:
Melboune Taxi Licence, return of around 6.50% Sydney Taxi Licence, return of around 7.23% Perth Taxi Licence, return of around 6.05% Adelaide Taxi Licence, return of around 7.12% Brisbane Taxi Licence, return of around 6.43%
For more information about current market prices you can always call us 1300 262 262 or visit our classifieds page on http://ambtaxi.com.au/classifieds/default.asp
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No accreditation nor police checks are required. I you need is to apply for a customer number. Once obtained you can purchase a licence or that can be done together with the transfer application.
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Buyer (Purchaser) Part $13,940 (Approximately; depends on purchase price) $ 2,200 Broker Fee That may change on market conditions Plus Purchase price
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If you are interested in applying for a Sydney taxi licence, please contact our office for the latest information and the market condition. Office Location:
AMB Australia Pty. Ltd. 297 Sydney Road BRUNSWICK 3056
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Basically there is no accreditation or course required to become a Perth Taxi licence holder. Still we need to lodge an application to Department of Transport together with your police check.
Never the less, our office does handle from preparation of the contract of sale contract through to settlement.
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Buyer (Purchaser) Part $8,027 Stamp Duty(if transfer cost $255,000; $6,000 Transfer Fee $2,000 Broker Fee That may change on market conditions Plus Purchase price
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