This report looks at the ‘new economy,’ (peer-to-peer markets) - specifically, ride-sharing services, and outlines options for regulation and taxi industry compensation.
Ridesharing services are operating without licences and without being subject to regulation in Victoria.
Ride sourcing services can be defined as taxi services, even though the method to book these services is technology based, and should therefore be subject to regulation.
Traditional taxi industry stakeholders have invested in assets that have now lost their value and should be compensated to assist them in their transition to new industry standards.
The unfair advantage to commercial passenger vehicle services that are booked through ridesharing technology requires redressing, both through regulation and through transition provisions for traditional taxi services.
Establishment of a level playing field for all commercial passenger vehicle operations in Victoria is essential policy.