ACT welcomes taxi law review

Press release: ACT New Zealand
January 20, 2015. 5:05pm

ACT Leader David Seymour welcomes Craig Foss’ prompt call to review taxi and private car hire regulations, announced today.

“I believe that entrepreneurship and the fast adoption of new technologies are essential to the prosperity of small nations such as New Zealand,” said Mr Seymour, who wrote to the Minister of Transport requesting such a review last week.

“Regulation can play an important role in protecting consumers, but should not be used to privilege particular businesses, especially when technology removes existing market failures. Regulations may have been needed in the past when consumers had limited access to information on pricing, safety, and other quality indicators. Mobile internet technology now gives real-time information to all parties. It is removing the need for such regulation while improving customer service, efficiency, and safety.

“Craig Foss has acted promptly. It is now important that he places the interests of consumers first, as regulation is in place for them – not incumbent providers."

ENDS

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