The regulation of the taxi industry, including issues pertaining to the renewal and transfer of vehicle licences, is a matter for the National Transport Authority (NTA) under the provisions of the Public Transport Regulation Act 2009.
As set out in the Taxi Regulation Review Report 2011, it was considered by the Review Group that it was necessary to move away from a system whereby a licence will have value in itself — 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. Action 14 of the Review Report proposes the introduction of a prohibition on the transferability of taxi vehicle licences such that all taxi vehicle licences will be unique to the person to whom the licence has been issued and cannot be transferred or sold to another individual.
All SPSV licences are granted to an individual and in making its recommendation concerning the non-transfer of vehicle licences the Review Group did not distinguish between single or multiple licence holders.