Published 4 years ago • loading... • Updated 4 years ago
Licences to become free in Victoria under new VicRoads deal
Summary by Ground News
VicRoads will be partly privatised for a period in a bid to generate $7.9 billion for the state. A consortium of Aware Super, Australian Retirement Trust and Macquarie Asset Management will run licensing and registration for the next 40 years. The state government will continue to manage data, privacy provisions and essential fee prices, and will regain control of all operations after the partnership ends.