Issues Paper - 2012 Review of Taxi Fares in NSW - Maximum fares from July 2012 - December 2011

We estimate how much the cost of providing taxi services has changed over the previous 12 months based on the movement in two industry-specific cost indices, known as the Taxi Cost Indices (TCIs). One TCI applies to urban taxi services, and the other to country taxi services. We use these indices to develop fare changes that, on average, match the change in the cost of providing taxi services. In this review we will undertake a major review of the cost items and weightings in the TCIs. To help us in this task we asked the Centre for International Economics (CIE) to provide advice on the current costs of providing taxi services. We will recommend fare changes to commence from July 2012. After considering our recommendations, the Director General of Transport for NSW will decide on the maximum fares that will apply and the date they will come into effect.