Uber and taxi passengers will be charged a A$1 levy for each trip using the services, to offset the cost of the regulation of ridesharing in New South Wales, Australia.

On Thursday, the New South Wales government announced ridesharing will be legalised in the state starting at midnight. The package includes A$250 million compensation for taxi “licence owners adjust to the new regulatory framework.”

“It’s important that we don’t forget those who have poured their savings into taxi licences over the past decades and ensure they get equitable assistance as this industry adjusts to changes in our economy,” Minister for Transport and Infrastructure Andrew Constance said in a statement. Read more…

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