Media release
August 3, 2021
The Taxi Council of Queensland (TCQ) has welcomed the decision by the Motor Accident Insurance Commission (MAIC) to fix anomalies in Queensland’s Compulsory Third Party (CTP) scheme that have seen taxi operators paying up to $4,000 more per vehicle than their counterparts in the rest of the personalised transport sector.
Under reforms announced by MAIC:
from 1 October 2021, the “base insurer premium” that forms the substantive part of the total CTP insurance premium will be equalised for taxi sedans and wagons (Class 3), rental cars (Class 4), and booked hire vehicles (Class 26); and
from 1 July 2022, all other components of the total CTP insurance premium will be equalised for taxis, rentals and booked hire vehicles.
Currently, an ordinary Queensland cabbie (Class 3) pays 230% more each year in CTP than a full-time rideshare driver driving their own vehicle (Class 26) and that rideshare driver pay
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