Passenger Transport Act 1994

A licence in force immediately before the commencement of this section continues to have effect as if it were a licence under this Part and this Part applies to the licence (as in force on the commencement of this section or as subsequently renewed) subject to any modifications or conditions specified in the prescribed scheme applying to that kind or grade of licence.

The Minister may, on or after a date specified in the prescribed scheme, cancel any licence referred to in subsection (1).

For the avoidance of doubt (and without limiting subsection (1)), a prescribed scheme may provide—

that section 47(2) does not apply to a kind or grade of licence (or to a specified class of licences of a particular kind or grade) and that such licences will continue to have effect in perpetuity or until the happening of a specified event; or

that a provision or provisions of this Part as in force before the commencement of this section will continue to apply to a kind or grade of licence (or to a specified class of licences of a particular kind or grade);

or

that any provision or provisions of this Part will not apply or will apply in a different way to a kind or grade of licence (or to a specified class of licences of a particular kind or grade).

In this section—

prescribed scheme means a scheme determined by the Minister by notice in the Gazette to implement a government buy‑back or cancellation of taxi licences in force before the commencement of this section.