Drivers' acceptance of a near-$1 billion compensation package for taxi licence holders paves the way for the NSW premier to get his pet policy passed, of scrapping stamp duty for first home buyers.
The NSW Taxi Council accepted a $905 million package on Tuesday which would compensate drivers for vastly-devalued taxi plates in the face of competition with popular ride-share apps such as Uber.
The decision to accept the proposed package was on the provision the payments were linked to capital gains tax to minimise tax payable, as Victoria did for its compensation package, NSW Taxi Council head Martin Rogers said.
