The original $530,000 Taxi Buyback Petition site for Queensland
David Wright 0402918975 editor & Taxi Licence Owner. My family has been involved in the Taxi Industry since 1971 in owner last 19 years. Share trader and Commercial Real estate ventures. Original coordinator along with Peter and Brenda Conahan and Miss E.H The $530,000 Taxi Buyback Petition from the meeting of 700 owners at Southbank 2017.
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NSW Taxi Buyback Petition accepted by NSW parliament and red into Hansard I believe they may honour this
THE REVISED TAXI INDUSTRY RESCUE PROPOSAL Queensland and Australia
Proposed by David Wright
Update of original $530,000 Taxi Licence buyback petition
RE Taxi Licence owners of Australia Rescue plan at no cost to Governments
To Clarify, The Taxi License Owner Rescue Plan.
The Department of Transport Queensland issues the Perpetual Taxi Licenses for the sole right of transporting passengers. (Personalized Transport Industry)
The Government has partly privatised the Taxi Industry by allowing share-ride to provide the same service as taxi license does.
I propose to fully privatise The Queensland Transport Department (passenger transport via motor vehicles). The Queensland State Government would set up a new Transport Corporation. That could work like Transurban, Queensland Railways or the new NSW Land titles privatisation. Via a 35 or 99 year lease, that only provides personal transport. I.e. Taxi, all forms of share ride, self-drive cars that hired or any other technology that involves passenger transport. All States New Transport Corporations can be sold on the stock market for $15bn to $20bn. So the Taxi License owners of Australia can repay up to $3bn of bank loans. (This concept would work for each State)
The first example is the best I have ever seen the NSW Government recently lease the Land Titles
Office of NSW for 35 years.
The second example is Transurban
.Whoever in Queensland Government that oversaw this achieved hundreds of millions of dollars for the residents of Queensland.
Solution to resolve the injustice committed to Taxi license owners of Australia.
1. To stop Bankruptcy of Taxi Service licenses. Banks to lose $3B in taxi licence loans, i.e. shareholder funds.
2. To get the taxi licenses off of Social Security
3. Restore dignity to the Australia citizens that worked all their lives for a secure retirement.
4. Prevent further suicides in the Taxi Industry. Three deaths in Queensland alone believed to approx 40 Australia wide.
Taxi Licence Owners of Australia Rescue plan at no cost to governments
A New $10bn to $20bn Australian Taxi & Share Ride Corporation, may have to be made up of several State Corporations. The Individual States may go alone. That would be sold on the Australia Stock Exchange via an IPO. To recoup the investment of the individual states.
If this unacceptable just a state base corporation for each state (bit like Transurban)
My preferred type of business model (2019) is the NSW Land Title privatisation in NSW a 35-year lease of business to a superfund for $2.6Bn.
This can be achieve for The Personalised Transport Industry (taxi and share-ride ) at no cost to the State Governments.
To implement this plan starting with Queensland,
Appoint suitably qualified Company to negotiate with the Queensland Government re New Corporation and eventual sale to recoup any government investment.
1. OWNERS: All owners to sell a new identity (long-dated contracts) with fairer lease payments approx $750,000,000 for Brisbane alone plus Country Taxi etc
2. GOVERNMENT: sell or 35-year lease or longer, the rights to issue taxi licenses from Queensland Transport
3. GOVERNMENT: sell or 35 or 99-year lease or longer, the rights to regulate share ride from Qld Transport. Guestament $200M to $400M
4.GOVERNMENT: sell or 35-year lease or 99 year lease, the rights to regulate self-driving cars in the future including any unforeseen technology advances. Guestament $200M to $400M
5 Sell future transport ie flying taxi and hire flying taxi or rentals etc.
6. GOVERNMENT: Properly license share ride vehicles to pay rent the same as taxies the unlimited number of cars on the road will not work in its present form.
7. GOVERNMENT: Sort compensation payments for the already bankrupted parties.
This would mean we get paid out (taxi and Limousines’) and THE NEW CORPORATION would work with Governments if they remain shareholders (Like Queensland Railways) to control the TSL lease fees and fees for Share Ride and eventually the fees and licenses for self-drive cars. The same as the TV licenses to operate (channel 7,9,10 etc.) and Mobile Phone companies, fishing licenses etc
This proposal is to stop the following from happening
STOP Banks foreclosing on loans
The Banks are foreclosing on taxi license loans and seizing owners
Banks are holding about $3 Billion in bad taxi licence owner’s loans.Due to share-ride legislation.
STOP Homeless Taxi Licence owners
Many young families with children are in the same situation as the above. Also, taxi drivers have to make do with less income most will have to leave the industry. Banks are calling in loans on Taxi Licences, houses sold to try to pay down debt. When you eventual get 2 Million share ride drivers via up to 100 or so share ride app companies, they may get one job a day each this happening already in India just not enough work to cover expenses.
STOP Taxi Licence owners battling social security
Destitute owners fighting to get the age pension and disability pension previously were self-funded retires with medical conditions that prevent them from working.
STOP TAXI OWNER SUICIDE
STOP Suicide in the taxi industry three known in Queensland to have committed suicide, believed to be 40 Australia wide.
The Queensland Government, due to deregulation and the legalisation of Ride-share have reduced the value of Queensland TSL from $540,000.00 to unsaleable.
The Taxi Licences and personal transport in Australia are owned by the citizens of Australia.
State governments are the master-franchise owners just called (Transport Department in government language.)
The Citizens of Australia are the beneficial owners of the taxi industry via the State Government.
Mum and Dad investors purchase the taxi license to provide transport.
The Banks finance the investors.
Who owns the banks? Shareholders, who own the shares? Mum and dad investors of Australia.
Superannuation funds also own Bank Shares that pay dividends again to Australia Citizens.
The big question to the State Governments, do they want a share of the personalise transport business or prefer to forgo a $10bn to $15bn business, and give away 20,000 Taxi Service Licences for nothing.
I am available to have meetings with any Government Department or private corporation to talk about the possible set up of a new corporation for Queensland or any other State for that matter.
As there are several ways to set up a new corporation.
So please do not hesitate to contact me for any clarification of this document or other unintended consequences.
David Wright 0402918975
Update October 2019 Uber IPO achieved $60 Billion US Dollars that translates to approx depending on the daily share value of $ 49000 Multiplied by 34000 estimated Uber drivers in Queensland $ 1.666 Billion for Uber Shareholders that figure is also close to the licence value drop in Queensland These figures may go close to double that for NSW and Victoria Australian Taxi Licence owners have lose at least $10 Billion
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