Transport (Road Passenger Services) Act 2018

In this Division, plate purchase amount of taxi plates means —

unless subsection (5) applies, the purchase price paid for the taxi plates —

by tender under the Taxi Act 1994; or

on transfer under the Taxi Act 1994; or

as consideration under an agreement under the Taxi Act 1994 section 30I;

if subsection (5) applies, the amount determined under that subsection.

In this Division, plate purchase amount of an interest of a person in taxi plates means the amount arrived at after —

adding together the amount of the original purchase price of the taxi plates apportioned to that interest and the purchase price of any additional interest in the taxi plates the person acquired subsequently; and

deducting the transfer price of any part of the interests referred to in paragraph (a) that the person has transferred subsequently to another person.

In this section the purchase price of taxi plates or an interest in taxi plates excludes —

any duty under the Duties Act 2008 paid in connection with the transfer of ownership of the taxi plates or the interest; and

any input tax credits the purchaser received or is entitled to under the A New Tax System (Goods and Services Tax) Act 1999 (Commonwealth).

Subsection (5) applies if the CEO is satisfied that there is insufficient information available to determine the purchase price paid for taxi plates by tender under the Taxi Act 1994 or on transfer under that Act.

The CEO may determine the plate purchase amount for the taxi plates on the basis of the average value (according to records held by the Department) of plate purchases for the year the taxi plates were purchased.