Victorian Government partly privatises registrations, number plates, and licencing
A new multi-billion dollar deal between the Victorian Government and a consortium will outsource VicRoads operations for the next four decades. The Victorian Government has announced a $7.9 billion deal which will outsource the operations of licencing, registrations, and number plates for the next 40 years. While the Victorian Government will retain ownership of VicRoads, its operations will be a joint venture between the state and a consortium made up of Aware Super, Australian Retirement Trust, and Macquarie Asset Management. Victorian drivers are in line to benefit, with a 25 per cent discount to be introduced for those who have not incurred demerit points or committed road safety offences in the three years prior to their licence expiring. Learner permits and probationary licences will also be made free under the deal, along with online testing – saving new drivers hundreds of dollars. There’s no word yet on registrations, but in August 2021 independent state body In...