Rookie drivers will be able to do the online tests for their L and P-plate licences for free, and safe motorists will get a discount when they renew their permit under changes to coincide with the controversial, partial privatisation of VicRoads. | ...
Rookie drivers will be able to do the online tests for their L and P-plate licences for free, and safe motorists will get a discount on their licence renewal under changes to coincide with the controversial, partial privatisation of VicRoads.
Treasurer Tim Pallas assured motorists on Friday that the government would still control registration and other fee increases under the deal with the consortium, consisting of superannuation funds Aware Super and Australian Retirement Trust and the private fund manager Macquarie Asset Management. Meanwhile, safe drivers who have not lost any demerit points or been caught breaking road rules for the previous three years will get a 25 per cent discount on their licence renewal, saving $21.37 on a three-year licence.The consortium’s upfront payment of $7.9 billion, which Pallas said far exceeded his expectations, will go into the new Victorian Future Fund to manage state debt. Reports in the.
The consortium will recoup its multibillion-dollar investment by charging the state an undisclosed percentage of transactions it processes, while increasing revenue by marketing new products and services, such as customised number plates.“We’re going to encourage them to be innovative and to try to find out what it is the market wants in terms of an offering of the service,” Pallas said.
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