The only vehicle licences that can be transferred to another person in the small public service vehicles (SPSV) sector are licences for standard taxis.
Section 14 of the Taxi Regulation Act 2013, upon commencement, will provide for a prohibition on the transfer of all SPSV taxi licences. The underlying principle for the prohibition on transfer is that a licence should determine a person’s suitability to carry out a function and it should not have monetary value or be traded on the open market. However, an exception to the prohibition on transfer in limited circumstances upon the death of an SPSV licence holder has been provided for under Section 15 in the Act.