An elected NSW Liberals and Nationals Government will ease pressure on taxi operators and protect essential transport services by addressing the compulsory third-party (CTP) insurance imbalance.
Under the proposal, taxis will be brought into the same CTP insurance classification as other rideshare vehicles, establishing a fairer system for operators providing comparable passenger transport services.
Currently, metropolitan taxi operators face CTP insurance premiums of up to $6,000 annually, and $5,200 for regional operators. Rideshare operators pay base premiums of between just $500 and $700.
The NSW taxi industry faces mounting financial pressures, with more than 600 taxis leaving NSW roads over the past two years. The recent closure of Southern Highlands Taxis also highlights the real threat other regional services face.
A NSW Parliamentary Committee recommended bringing taxis and rideshare under a single CTP classification within six months of its April 2026 report. However, the Minns Labor Government has not taken any action.
James Griffin MP, Member for Manly said protecting local taxi services was essential to ensuring residents could access reliable transport.
“For many people in our community, taxis are a lifeline, particularly older residents, people with disability and those who don’t have access to a car,” Mr Griffin said.
“If our local taxi services disappear, the community also suffers. That’s why the NSW Liberals and Nationals are taking action to support our local operators and ensure these essential services remain available for the people who rely on them.”
Leader of the Opposition Kellie Sloane said the NSW Liberals and Nationals would back taxi operators and protect essential transport services under our plan for a Stronger NSW.
“The current arrangements are benefitting one operating model over the other, putting small businesses under enormous pressure and forcing them off the road,” Ms Sloane said.
Last modified: November 12, 2026
