Transport (Road Passenger Services) Act 2018

The CEO must, by written notice, grant a buyback payment in relation to taxi plates if —

the applicant, or if a joint application, each applicant, is an eligible owner (buyback) of the taxi plates; and

no other buyback payment in relation to the taxi plates has been granted.

Any right of a person to ownership of taxi plates ceases to exist on the grant of the buyback payment in relation to the taxi plates.

If the right of a person to ownership of the taxi plates ceases to exist under this section, no compensation is payable by the State to any other person who has an interest in the taxi plates or the use of the taxi plates because the right of ownership of the taxi plates ceases to exist.