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BSX to establish world’s first regulated trading market for taxi licences
13 Jan 2006
The Licence Trading Market has been designed and developed in conjunction with the Victorian Government and industry bodies. The Victorian Government has passed legislation and made regulations (Transport (Taxi-Cab Licences Market & Trading) Regulations 2005) that may require that transactions involving metropolitan taxi cab licences be either processed through or notified to a specified securities exchange or system with the processing or notification only effected through an approved broker.
It is anticipated that the Victorian Government will specify the BSX Taxi Market system during March 2006 and that the BSX Taxi Market will commence operations towards the end of March 2006.
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