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 1 July 2019.
Taxi non-cash payment surcharge review 2019
Consultation paper10 December
Submissions close4 February
Final decision1 July
Price determination takes effectSeptember 2019
We set the Victorian maximum taxi non-cash payment surcharge. 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 for is currently five per cent.
We are reviewing the maximum surcharge to apply from 1 July 2019 and would like interested stakeholders to send us feedback by 4 February 2019.
What our consultation paper tells you
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 a '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. In a bottom-up cost assessment:
- Regulated businesses submit detailed information on their costs to the regulator (in this case, us).
- The regulator determines the price required for the regulated business to recover its costs.
A bottom-up cost review is a relatively data intensive method of assessing 'reasonable cost'.
Send us your feedback by 4 February 2019
We want to hear your views on the surcharge and our proposed approach to regulation. We encourage you to provide written submissions addressing the questions in our consultation paper and any other information relevant to the review.
Submissions to this consultation paper are due by 4 February 2019.
You can make a submission by:
- emailing us your submission at email@example.com
- faxing us your submission to 03 9032 1303
- completing the online submission form or uploading your submission at Engage Victoria
- sending us your submission by mail to:
Price Monitoring and Regulation Division
Essential Services Commission
Level 37, 2 Lonsdale Street
Melbourne VIC 3000
If you need more help getting your submission to us, please call 03 9032 1300.
View our submission policy.