NSW Taxi Council Welcomes the NSW Legislative Council's Standing Committee on Law and Justice 2025 Review of the Compulsory Third Party Insurance Scheme Report

NSW Legislative Council's Standing Committee on Law and Justice 2025 has just released the Report on the Review of the Compulsory Third Party insurance scheme.

The NSW Taxi Council is extremely pleased with the findings and recommendations in the report, which highlight the inequities that exist between Taxis and Rideshare, whilst calling for a fairer CTP scheme across the Point to Point Industry.

The NSW Taxi Council has been leading the charge on behalf of Industry, by initially making a detailed submission into this Review, which then followed by the NSW Taxi Council CEO, Nick Abrahim being invited to provide evidence at the Hearing held in NSW Parliament on 8th December 2025.

Following the Hearing, the NSW Taxi Council and CTOA partnered with Business Sydney in developing the "Make It Fair Campaign", with continued calls for a fairer CTP Scheme for Taxis and Rideshare. 

Below is a summary of the key finding and recommendations included in the report released today;

FINDING

Finding 1

There is an ongoing decline in the number of taxis on New South Wales' roads, linked to the legalisation of rideshare operators in the point-to-point transport sector. This has negatively impacted on access to taxi services in rural and regional areas, including wheelchair accessible taxis.  

RECOMMENDATION

Recommendation 1

That the State Insurance Regulatory Authority finalise changes to the appropriate guidelines within six months of the tabling of this report, grouping taxis and rideshare operators in a single class for CTP insurance. In doing so, SIRA should have regard to the models adopted in Queensland and Victoria, where all point-to-point service providers are placed within a single class for the purposes of CTP insurance. 

The following statement was also noted in the Chair's Foreword, from the report;

"This review has shown that the scheme continues to evolve to meet its statutory goals, including reductions in premiums and improved coverage and benefits for people injured in a motor crash. However, there was also ample evidence that the scheme still requires improvement.

For example, it was clear to the committee there remains a lack of transparency and equity in the calculation of CTP premiums. Specific categories of road users had ongoing concerns with the application of vehicle classes and transparency in the calculation of premiums, with motorbike riders, bus companies and the taxi industry about referring to inequitable or opaque policies.

In particular, an ongoing area of concern for the taxi industry is the inequity in CTP premiums between taxis and rideshare vehicles. While taxis and rideshare vehicles are essentially doing the same job, they have required to pay very different CTP premiums. Taxis pay a premium on all kilometres travelled, whereas rideshare vehicles are only levied if they are actively transporting passengers, in addition paying a much less expensive private car CTP premium. To reduce this inequity, the committee recommends a single class of insurance premiums to cover taxis and rideshare vehicles, as is the case in Queensland and Victoria. We are calling on the NSW Government to make this change within the next six months. This disparity has been in place for over 10 years; it is time it is solved."

HOW YOU CAN HELP?

It is now more vital than ever that you contact your State Member of Parliament and make an appointment for a meeting. Once you confirm with us, we will send you "CTP talking points" which will be updated with information from the report for you to share and discuss with your MP.

Please note that the NSW Government is required to respond to this report within three months.

These Recommendations will not automatically be adopted. Therefore, it is crucial for the NSW Taxi Industry to unite together, with everyone playing their part to get these over the line and implemented.

👉 Click here to find contact details for your State MP

👉Once you have booked your appointment, please confirm your meeting details here

We would like to extend our appreciation to the Committee for Law and Justice, in particular the Chair, The Hon Greg Donnelly MLC and Deputy Chair, The Hon Susan Carter MLC.

A special mention to Committee Member, The Hon Rod Roberts MLC and the team at Business Sydney for their continued support and engagement with the NSW Taxi Council on this very important issue.

PLEASE CLICK HERE TO ACCESS THE FULL REPORT