18New owner-operator taxi licence to be made available in place of surrendered perpetual taxi licence

18 New owner-operator taxi licence to be made available in place of surrendered perpetual taxi licence

(1)  If a perpetual taxi licence is surrendered to the Commission under section 17 , the Commission, as soon as practicable, is to make available for issue an owner-operator taxi licence, in the taxi area to which the surrendered licence relates, in place of the surrendered licence.

(2)  An owner-operator taxi licence made available under subsection (1) is to be offered for sale by tender.

(3)  [Section 18 Subsection (3) amended by No. 28 of 2020, s. 31, Applied:30 Dec 2020] The Commission must not accept a tender for an owner-operator taxi licence made available under subsection (1) that is less than the reserve price for that licence for the year in which the tender is accepted.