The surcharge applies when a taxi passenger pays for a fare using non-cash payment transactions options, including credit, debit and charge card. We are reviewing the maximum surcharge to apply from August 2019.
Taxi non-cash payment surcharge review 2019
Consultation paper10 December
Submissions closed4 February
Final decision1 July
Price determination takes effectSeptember 2019
We set the maximum taxi non-cash payment surcharge in Victoria. The surcharge applies when a taxi passenger pays for a fare using non-cash payment transactions options, including credit, debit and charge card. The maximum surcharge is currently five per cent.
What our consultation paper tells you
We are reviewing the maximum surcharge to apply from August 2019. Our Taxi Non-cash Payment Surcharge Review 2019: Consultation Paper marks the start of our first review of the non-cash payment surcharge for taxis.
This paper aims to give stakeholders:
- the information they need to give us feedback on issues we should consider when we assess the maximum surcharge
- an opportunity to comment on our understanding of the industry and the approach we will use to review the maximum surcharge.
View more information on how we regulate commercial passenger vehicles.
We propose using benchmarking and 'bottom-up' cost assessment for the 2019 maximum surcharge
We need to ensure a maximum surcharge allows a business to recover the 'reasonable cost' associated with offering a non-cash payment option.
In our consultation paper, we propose using 'bottom-up' cost assessments and benchmarking to assess reasonable costs.
Submissions on the consultation paper
We have received a number of submissions from stakeholders. Submissions on the consultation paper closed on 4 February 2019.
Taxi Non-cash Payment Surcharge Review 2019: Consultation Paper
We are seeking information from a number of payment processors so we can better understand the reasonable cost of accepting and processing non-cash payment transactions in taxis.