Learners and probationary licences will become free. 9News
will be offered a discount on their licence renewal and new licences will become free under a new VicRoads deal that is expected to make almost $8 billion for the state.
The government will privatise parts of VicRoads as it partners with Aware Super, Australian Retirement Trust, and Macquarie Asset Management in a 40-year deal called the 'VicRoads Modernisation process'. The partnership is said to bring $7.9 billion in upfront proceeds for the state, which the government has said will be invested in the new Victorian Future Fund to help tackle debt from the COVID-19 pandemic.Drivers who have not incurred demerit points or committed road offences in the three years prior to their licence expiring will receive a 25 per cent discount on their licence renewal fee.Learners and probationary licences will also become free.
Victorians wanting to get their L-plates will save up to $51.40 in testing fees, while those going for their Ps will save up to $133.30.
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