Taxi Owners in Tasmania wearing cement shoes in a rising tide

Taxi licences are described as assets in the Centrelink assets test. Facts The Australian Tax Office and APRA allowed licences to be included in superannuation funds. Banks lended up to 80% of their value and held them as collateral. And a licence could be leased allowing people to derive an income. Industry stakeholders thought they … Continue reading Taxi Owners in Tasmania wearing cement shoes in a rising tide