5 A ANNUAL T WE… · K Dunn - Frankston Radio Cabs A Gange - Silver Top Taxi Service KF Gange - Silver Top Taxi Service KM Gange – Silver Top Taxi Service C Giddens - Gippsland

2014/15VTAANNUALREPORT


President's Report 2

CEO Report 4

Industry Engagement 6

VTA Projects 8

People 9

Government Engagement 10

Stakeholder Engagement 11

ATIA Conference 12

Members 14

Minutes 2013/14 AGM 16

Notice AGM Agenda 17

Financial Report 19

Cufflink Holders 36

ContentsVictorian Taxi Association Incat 30 June 2015PresidentKF Gange

Vice PresidentS Armstrong

CouncillorsN Andrianakis - Silver Top Taxi Service

S Armstrong – Ballarat Taxis

A Bemrose - North East Region

M D'Amico - West Suburban Taxis

K Dunn - Frankston Radio Cabs

A Gange - Silver Top Taxi Service

KF Gange - Silver Top Taxi Service

KM Gange – Silver Top Taxi Service

C Giddens - Gippsland Region

T Guclu - North West Region

A Gilmartin - Silver Top Taxi Service

G Hardeman – Black Cabs Combined

P Holahan – Bendigo Taxis

P Humphreys – Silver Top Taxi Service

K Mitchell - Taxi-cab Operators Collective

S Overell – Black Cabs Combined

T Saldias – Silver Top Taxi Service

N Sekhon - Dandenong Taxis

C Sikavitsas - CABiT

M Thomson - Black Cabs Combined

J Uebergang – Western Region

P Valentine - Geelong Taxi Network

Past PresidentsSV Lunch: 1963-64

FA Lang: 1964-73, 1974-87, 1994-97

ML Traynor: 1973-74

AF Payton: 1987-89

GF Bradd: 1989-94

P Franet: 1997-2005

Executive CouncilKF Gange

S Armstrong

A Gilmartin

G Hardeman

S Overell

N Sekhon

P Valentine

Chief Executive OfficerD Samuel

ATIA Executive MemberD Samuel

Association SecretaryN Sach

Member of A ustralian Taxi Industry Association

President’s Report


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It is my pleasure to present the Annual Report and thefinancial report for the year ended 30 June 2015. The financialreport is in respect to the Victorian Taxi Association Inc (VTA)and its Controlled Entity. The Controlled Entity is Taxi IndustryTraining Victoria Pty Ltd, which is wholly owned by the VTA.

The 2014-15 Financial Year has seen ourindustry confronted with changes the likesof which it has not seen before and theVTA worked hard over the past 12 monthsto meet these challenges.

Our approach to the issue that dominatedthe year, illegal ride hailing services, wereunderpinned by making strong and clearrepresentations to key decision makers onbehalf of the industry and engaging betterwith our communities and the Victorianpublic as a whole.

We have argued for equality, asking onlythat those who compete with us do so oneven terms and that the law, regardless ofwhat we might think of it, is followed andenforced. There are aspects of the law asit applies to our businesses that we toodon’t like, but we understand that as goodcorporate citizens we must follow thoselaws while arguing for change.

In regards to regulatory settings, amongstother things, the VTA focused on theKnowledge and issues with the PriceNotification System in regional areas –where we secured a three yearauthorisation from the AustralianCompetition and Consumer Commission.

As an industry, one of the most importantthings we have done over the past fewyears during the Inquiry and since is tobuild consumer confidence in our serviceby focusing on superior service andworking to eradicate bad practices thattarnish our industry’s reputation.

During 2014-15 the VTA built on this workto foster consumer confidence andservice excellence. Over the past severalyears we have seen customer satisfactionlevels for the taxi industry increasesteadily. This is a testament to theconscientious focus of many on highquality service provision and we must pulltogether to continue this trend. The VTAimpressed upon Government the need toact urgently to stop the damage to thethousands of legitimate small businessescurrently being expected to compete witha new provider whose current operationsmake a mockery of taxi regulation.

It has never been more important to listento what our customers are telling us andensure our service aligns with reasonableexpectations.

I would like to take this opportunity tothank the VTA staff, Executive Councillors,Councillors and members for all their hardwork and continued passion throughoutthis year.

Kevin F GrangePresident

CEOReport

The 2014-15 Financial Yearwas a busy one for all involvedin the Victorian taxi industry.The industry continued tocome to terms with theimplementation of reformsthat flowed from the VictorianTaxi Industry Inquiry and theongoing presence of a large,organised and well-fundedillegal commercial passengervehicle service that competesdirectly for taxi patrons.

In a number of cases, the actions of thesecompetitors called even the most recentlyintroduced regulatory structures intoquestion and challenged our existing lawsand penalty regime. A number of caseswere bought by the Taxi ServicesCommission against operators of illegal ridehailing services in the Magistrates' Court,but this was not sufficient to stop theoperation(s) of those who chose to ignorethe established Victorian driveraccreditation and licensing laws.

2014-15 also saw the election of theAustralia Labor Party, led by DanielAndrews, to office in Victoria. The Hon.Jacinta Allan was announced as Minister forPublic Transport in the AndrewsGovernment’s Cabinet.

The incoming government made a numberof election commitments in relation to taxis.These included:

• The establishment of a Taxi and Hire CarMinisterial Forum

• A $4 million hardship fund for licenceholders experiencing severe financialdifficulty

• The removal of the sunset clause, whichcurtails the TSC’s power to protect theinterests of consumers through ongoingregulation of taxi licences

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David SamuelChief Executive Officer

• A commitment to ensure the excessiveentry and consumer interest testsapplied by the TSC are moretransparent to protect the quality andsustainability of taxi services forconsumers

• A commitment to ensure that reformsdo not prevent consumer friendlymeasures such as common farestructures across ‘co-operative’networks

• Supporting the TSC with the most up-to-date regulatory powers, making sureall participants adhere to the rules andstandards applying across the industry.

The most immediate consequence of thesecommitments was the establishment of theTaxi and Hire Car Ministerial Forum. TheVTA were pleased to be asked to join thisforum along with other industry andcommunity stakeholders. Outgoing TaxiServices Commission CEO Marnie Williamswas appointed to chair the Forum. Asmaller working group was established todiscuss the appropriate regulatory responseto the emergence of ride hailing serviceslike UberX. The VTA was also invited to siton this working group. It met four timesduring 2014-15 before reporting back to theMinister.

The VTA focused on a number of issuesthat arose during the 2014-15 year. Theseincluded:

• Responding to the review of the impliedconditions as they relate to therelationship between bailee drivers andoperators

• The Knowledge Test

• The review of the Multi-Purpose TaxiProgram (MPTP)

• Price Notification for taxi businesses incountry and regional areas

• Responding to the new fare device(meter) specification

• The review of the Transport (Taxi-cab)Regulations 2005.

Importantly, the VTA were able to secureauthorisation from the AustralianCompetition and Consumer Commissionfor regional and country operators whowork within a cooperative networkstructure to agree a consistent farescheduled to be offered by their networkfor booked work.

During 2014-15 the VTA delivered anumber of key initiatives, including but notlimited to:

• The 2014 VTA State conference

• A publication celebrating 50 years ofthe VTA

• The 2014 Annual Lunch

• The Australian Taxi IndustryAssociation’s Annual Conference inMelbourne

• The #TaxiTrippin project

• A driver Facebook community

• A set of model network rules

• Engaged public relations firm EllisJones Consulting

• Hosted several driver lunches

• Attended regional meetings with VTAmembers.

At a broader level the VTA:

• Continued to engage with all relevantpolitical stakeholders and key decisionmakers

• Engaged with the Taxi ServicesCommission

• Invested significantly in communityengagement

• Represented the industry in the mediaand in other public forums.

The VTA is grateful to our professionalpartners, including CPR Communications,Logie-Smith Lanyon Lawyers, Joe Dimasi,Ellis Jones Consulting and our counterpartsfrom other states and territories.

Finally I would like to thank my great teamof staff at the VTA for their hard work andsupport over what has been another busy12 months. I would also like to thank allmembers of the Executive Council andCouncil for their work and support. I lookforward to leading the VTA into the 2015-16Financial Year and delivering more resultsfor our industry.

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Member meetingsRegion meetings were held in Bairnsdale,Benalla, Horsham, Mansfield, Moama,Moe, Traralgon and Wangaratta this year.The meetings are an important opportunityfor regional VTA members to engagedirectly with VTA staff, particularly aroundthis time of reform implementation by theregulator. The events were well attended,with a social aspect to them also. Therange of issues discussed varied due totiming, but it is an opportunity for allvoices to be heard and concerns raisedand dealt with.

The newly established Operator Collectivemet in September, February and May.Kristine Mitchell was elected Chairperson,replacing Jim Brown, the inaugural Chairof the Collective. Membership has grownand the group is flourishing and providingthe VTA with a deeper understanding ofissues impacting operators, thereby givingthe Association the ability to more ablyrepresent the industry to government.

Industry Engagement

Driver EventsIn April the VTA hosted a Driver Lunch atthe office in Port Melbourne. The CurryTruck provided lunch and drivers had theopportunity to discuss important issuesfacing the industry with VTA staff. Some ofthe hot topics included ride share appsand the Knowledge test.

The VTA distributed the updated 'GuideDogs Welcome' and 'Check for Bikes'stickers to encourage drivers to showsupport for guide dogs in our cabs and tohelp reduce car dooring incidents on ourstreets.

In June the VTA hosted another lunch, inGeelong. This time it was the HappyCamper pizza van who supplied the lunchon site at the Geelong Taxi Network. Theweather was less kind, but it was great tocatch up with the drivers who stopped by.

Operator Open DayVTA’s Operator Open Day was sponsoredby Mercedes in late June. Attendees weretreated to an exclusive preview of the newMercedes-Benz Vito taxi. Representativesfrom Mercedes-Benz received informativefeedback from Operators about theviability of the vehicle for the Victorian taxiindustry.

Annual Lunch The 2014 Annual Lunch was held inDecember at the Carousel in Albert Park.Garry Bradd was the keynote speaker,who fittingly wrapped up the celebrationsby sharing some of his reflections on theVTA in its 50th year.

13CABS Taxi Driver MemorialCup cricket match. The VTA were proud to sponsor the13CABS Taxi Driver Memorial Cup cricketmatch and attend the event in February. Itwas a great afternoon watching theMelbourne cabbies facing the 'All Stars' ina game of 20/20, to raise funds for theMonash Children's Hospital. The 13CABSDrivers won the toss and elected to batbut in the end the All Stars won the game.

Melbourne Airport Taxi DriverRepresentatives meetingsThe final of the Melbourne Airport TaxiDriver Representatives meetings was heldat the VTA. The series of meetings hadprovided an opportunity for representativetaxi drivers to speak directly with airportstaff on behalf of the driver body

2014 VTA Conference & Gala Dinner The VTA held its 50th AnniversaryConference at the Langham Hotel inSouthgate, Melbourne. Attended by over150 delegates, sponsors, exhibitors andspeakers, the conference programfeatured a great mix of operationalinformation and engaging presenters froma variety of fields.

Renowned Victorian, former Premier JeffKennett delivered a special message viavideo to open the conference. Hecommended the industry and sent wordsof support to all those involved. Given thepace of implementation of the first trancheof reforms, it was insightful to hearfirsthand from Marnie Williams, CEO of theTaxi Services Commission. Otherhighlights included an address by the Cityof Melbourne and presentations on socialmedia, insurance, the Knowledge and oneby VicRoads.

The VTA’s 50th Anniversary Retrospectivebook was launched at the Gala Dinner.The publication highlights some of theVTA’s colourful history, and was theshowpiece of the 50th Anniversary year.

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This page:(from left to right)

Drivers enjoy the hospitality in Geelong

The VTA’s Georgia Nicholls withdrivers in Port Melbourne

Opposite page:(from left to right)

Gary Bradd speaks to the 2014 Annual Lunch

A piece of the action from the 13CABS Taxi Driver MemorialCup cricket match

The audience listens at the 2014 VTA Conference


#TaxiTrippin The VTA ran a campaign, #TaxiTrippin, topromote the work of drivers and theindustry as a whole. The campaigninvolved taxi trip giveaways andcompetitions. The aim of which was toendorse taxis as a central part of any nightout or event and to encourage people totalk about taxis on social media using thehash tag #TaxiTrippin.

Check for Bikes StickersFollowing the tragic death of a cyclist inBrunswick in February, the VTA respondedby printing stickers for metropolitan andurban taxis to remind passengers to‘check for bikes’ when exiting taxis.Stickers were distributed throughout theindustry and positioned inside the reardriver side door.

VTA Projects People

Neil SachNeil Sach finished as VTA AssociationSecretary at the end of the Financial Year.

Neil’s journey with the taxi industry beganin 1989 when he worked with the Victorianstate government. In 1991, he took aposition as general manager with RegalCombined Taxis and in March 1994 hejoined the VTA as the CEO.

During that time, he experienced a vastnumber of governments, ministers,regulators, policies, legislation,competition reviews, taxi inquiries,taxation, technology, economies, training,accreditation, licensing, major events,amongst other things! There was never adull moment in the life of the taxi industryand the work of the VTA. He was VicePresident of the Australian TaxiAssociation for ten of those years and heparticularly enjoyed working with theurban and country members of the VTA.

Neil retired from his position as CEO inMarch 2013 and has been the AssociationSecretary since then. We wish him well inthe next chapter of his life.

Kevin DunnKevin Dunn of Frankston Taxis has been amember of the VTA Executive Council forover 15 years, after first becoming aCouncillor in 1997.

During his time on the Council he was apassionate advocate of his network,affiliates and customers in Frankston andof the needs of urban taxi businessesacross the State. Kevin maintained andcontinues to enjoy excellent workingrelationships with local organisations, MPsand local press which has servedFrankston Taxis, other urban taxibusinesses and the VTA well over theyears.

He has also been a constructivecontributor to discussions and is wellrespected and liked by all those who workwith him.

#TaxiTrippin

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Taxi Services CommissionThe VTA has maintained it close workingrelationship with the Taxi ServicesCommission (TSC) as industry reformscontinued to be rolled out.

The VTA had representative seats on boththe TSC’s Consultative Committee andStakeholder Reference Group. TheConsultative Committee intended tocommunicate with stakeholders about thereforms and to engage in discussion aboutthe impact of the taxi and hire car reformson the Victorian community.

The Stakeholder Reference Group wasestablished to contribute to the TSC’sdelivering and implementing of thereforms. Taxi and hire car industries andother key stakeholders were invited toparticipate.

VTA CEO David Samuel was nominatedfor a position on the Ministerial Taxi andHire Car Forum. He participated fully in themeetings and in the working groupestablished to consider policy optionsaround ride-share.

The VTA acknowledges the work of MarnieWilliams, CEO who left the TSC in March2015. Marnie was always willing todiscuss issues and was upfront aboutwhat, in her view, was possible and whatwas not. She was always willing to meetwith people across the industry andengage with them about their concernsand the VTA is grateful for her opennessand ability to re-establish the importantworking relationship between the industryand the regulator.

Government Engagement

Local GovernmentThe VTA’s relationship with a variety oflocal councils continued this year. Workingon traffic and transport issues, planningand reviewing of taxi ranks and dealingwith specific issues, the relationships theVTA has are transparent and aim to benefitboth the taxi industry and taxi passengers.

There has, again, been particularly closeinvolvement with the City of Melbourne ona number of projects. Their commitment totaxis, and their understanding of theimportance to the liveability of the peoplewho live, work and socialise in the city is akey element in the relationship which theVTA looks forward to continuing. Otherspecific work with the City of Port Phillip,City of Stonnington and the Brimbank CityCouncil has taken place around taxiinfrastructure.

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Stakeholder Engagement The VTA has strong relationships with a variety of organisations across thestate and country. Working with them in both regular and ad hoc ways, theAssociation can represent the taxi industry and in turn inform the industry offactors that may impact their work.

The VTA sends notification emails to members on opportunities and potentialdisruptions around the State. Attendance at a variety of meetings with arange of stakeholder allows the VTA to advocate for the taxi businesses andgive feedback to the industry.

Some of the organisations the VTA worked with during 2014/15 include:

A Team Committee, City of Melbourne

Amy Gillett Foundation

Australian Grand Prix Corporation, Traffic and Transport Committee

Australian Open 2015

Banyule Liquor Forum

Bus Association Victoria Inc

Camp Gallipoli

Chapel Street Taxi Zone

Guide Dogs Victoria

Melbourne Convention Bureau

Melbourne Cruise Ship Committee

Metro Trains Melbourne

NSW Taxi Council

Road User Collaborative, RACV

Sports Precinct Traffic Monitoring Committee

St Kilda Festival, Traffic & Transport Committee

Taxi Council Queensland

VicRoads

Yarra Trams

In April 2015, the VTA hosted the AnnualConference of the Australian Taxi IndustryAssociation (ATIA). It was a successfulevent bringing together more than 300people from across the taxi industry.Representatives from authorised taxibooking companies, fleet operators andlicence owners from all over Australia andNew Zealand, along with key industrysuppliers, joined together in a professionaland collegiate environment.

The Business Program delivered a rangeof relevant and interesting speakers. JeffKennett was the Keynote speaker. MikeFogarty, President and CEO, Americas ofTristar Worldwide Chauffeur Services,shared the American taxi industryexperience and delegates heard Rhod EllisJones on connecting with customers andwho we are as an industry. Presentationson the future outlook of fuel and a legalperspective of the Victorian Taxi IndustryInquiry proved insightful. Graeme Innesdiscussed how and why good regulationsproduce public benefit, using the taxiindustry as a case study.

Regular sessions were held on the Stateand Territory Reports, a Panel Session bythe State Industry Association's CEOs andthe President's Report and MemberFeedback Panel Session. Participationfrom the delegates was high and valuable,engaging discussions ensued.

ATIA Conference

The opening session of the final day of theconference was hosted by the Departmentof Veterans' Affairs who held a verymoving Commemorative Service for thecentenary of ANZAC Day. This wasfollowed by a presentation by the RACV,who drew on the similarities to other AutoClubs across the country, and an insightfulanalysis of the process of farederegulation in country Victoria.

The Social Program was well attended -participants were shown some of the bestMelbourne has to offer. The Tram CarRestaurant was a delight, Chadstone, thefashion capital, was also a highlight andHigh Tea at Sofi's Lounge at the Sofitelwas a decadent way to finish off the week.

The Exhibition Hall, where all meal breaksand happy hours were held, was afabulous display of the exhibitors andsponsors who supported the event. Therewere competitions, new products on showand plenty of experts to talk about a rangeof subjects and products. The SessionSponsors also contributed to theconference and were great to have onboard.

The Grand Hyatt was an exceptionalvenue - the staff were attentive and thefood of high quality.

Dinner at the MCG, sponsored by ROVAMedia was a real treat. With the ground litup, it was great to see the hallowed turf of the 'G. Those who took part in the guidedtour saw some fascinating areas of theworld renowned sporting ground. TheBollywood dancers who performed at theGala Dinner, hosted by Cabcharge, wereamazing to watch, while the band, CloudNine, really got the dance floor moving.

To wrap up the conference, over onehundred people enjoyed a leisurely finalday touring some of the best Yarra Valleywineries. It was a perfect day to be in thegorgeous Yarra Valley, and a great way tofinish the 2015 ATIA Conference.

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Opposite page:(from left to right)

A Bollywood dancer at the Galadinner

Brenden Rowswell CPR with David Samuel VTA

Philip Humphreys, Peter Valentine, John Obeliunas,Bernard Te Grotenhuis, Geelong Taxi Network Pty Ltd

Mem bersas at 30 June 2015

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79

109

224140

45

59

67

57 4856

North East RegionBenalla Taxis 6

Cobram Barooga Taxis 3

Euroa Taxis 3

Greater Shepparton Taxis 8

Mansfield Taxis 3

Mt Beauty Taxi Service 1

Numurkah Taxi Service 2

Seymour Taxi Service 8

Shepparton Taxis 16

Wodonga, Amalgamated 13 Taxis Wodonga

Wangaratta 11

Yarra Valley 5

Gippsland RegionBairnsdale Taxis 10

Churchill Taxi Cab Service 3

South Coast Taxis 14

Emerald 7

Lakes Entrance, Lakes Taxi Service 7

Leongatha Taxis 5

Moe Taxis 12

Morwell Taxis 12

Pakenham Taxis 11

Sale Maffra Taxis 12

Tambo Valley Taxis 3

Traralgon Taxis 13

MetropolitanArrow Taxi Service 114

North Suburban Taxis 288

Silver Top Taxi Service 2053

Black Cabs Combined 2214

West Suburban Taxis Pty Ltd 172

CABiT 15

Outer SuburbanDandenong Taxis 110

Frankston Radio Cabs 63

13Cabs Dandenong / Frankston 51

Geelong ZoneGeelong Taxi Network (inc Torquay) 140

Ballarat ZoneBallarat Taxis 57

Bendigo Zone Bendigo Taxis 45

Western RegionTaxis Bacchus Marsh and Melton 6

Bellarine Peninsula Taxis 9

Creswick Taxi Service 2

Hamilton, Taxis of Hamilton 9

Horsham Taxi Service 8

Portland, Taxis of Portland 8

Terang Taxi 1

Timboon Taxi Service 2

Warrnambool Radio Taxis 12

Winchelsea & District Taxis 2

Yellow Cabs Victoria 8- Warrnambool

North West RegionEchuca Moama Taxi Group 9

Heathcote Taxi 1

Merbein Taxi Service 1

Mildura Taxis Associated 14

St Arnaud Taxi Service 2

Sunbury, Crown Cabs 32

Taxi-Cabs Operators CollectiveGranger Transport 25

James Brown 1

Taxiway Pty Ltd 7

George Voukelatos 1

K & E Stavropolous 1

Peter Bravis 1

Peter Rovas 3

John Stathis 1

Evinlea Australia Pty Ltd 1Associate MemberTrebla Pty Ltd

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OpeningPresident, KF Gange, took the chair andopened the meeting at 1:32pm.

Present21 Representatives, CEO D Samuel, andAssociation Secretary N Sach

ApologiesP Humphreys, N Andrianakis, N Sekhon

Confirmation of minutesMoved P Valentine, seconded A Gilmartinthat the Minutes of the 2012/13 AnnualGeneral Meeting held on Wednesday 13November 2013, be confirmed. CARRIED

2013/14 Annual ReportThe Annual Report for the year ended 30 June 2014 was circulated prior to the meeting.

Moved KM Gange, seconded K Dunn thatthe 2013/14 Annual Report be received.CARRIED

Annual statement of accountsand auditor's reportD Samuel spoke to the reports. He advisedthat financial matters were in order. Headvised that the financial position is suchthat the VTA has been able to address theimplementation of reforms and improve itscommunications with members andindustry stakeholders.

Moved A Gilmartin, seconded P Valentinethat the Annual Statement of Accounts forthe 2013/14 Financial Year as included inthe Annual Report be received. CARRIED

Moved C Sikavitsas, seconded KM Gangethat the Auditor's Report for the accounts ofthe year ended 30 June 2014 as included inthe Annual Report be received. CARRIED

Appointment of the councilIn accordance with the Constitution, thefollowing nominations were received for theappointment to the Council for the ensuingyear.

Metropolitan ZoneArrow TaxisMichael Thomson

Black Cabs CombinedStuart Overell

CABiTChris Sikavitsas

North Suburban TaxisGreg Hardeman

Silver Top TaxisKevin F Gange, Andrew Gilmartin, Kevin M Gange, Philip Humphreys, NicosAndrianakis, Alf Gange, Teresa Saldias

West Suburban TaxisMark D'Amico

Outer Suburban ZoneDandenong TaxisNirmal Sekhon

Frankston CabsKevin Dunn

Geelong ZoneGeelong Taxi NetworkPeter Valentine

Ballarat ZoneBallarat TaxisStephen Armstrong

Notice is hereby given that the Annual General Meeting of theVictorian Taxi Association Inc will be held at the VTA offices, Suite 2, 85 Salmon Street, Port Melbourne, on Wednesday 11November 2015, commencing at 1:30pm.

Agenda1. To confirm the Minutes of the Annual General Meeting held

Wednesday 12 November 2014 (Enclosed)

2. To receive the Annual Report for the year ended 30 June 2015(Enclosed)

3. To receive the Annual Statement of Accounts and Auditor'sReport for year ended 30 June 2015 (Enclosed)

4. To appoint Councillors to represent Metropolitan members,Outer Suburban members, Geelong Zone member, BallaratZone member, Bendigo Zone member, the four CountryRegions, and the Taxi-cab Operators Collective fromnominations received in accordance with the Constitution andRules. (See note following.)

5. To appoint an Auditor

6. To consider any other Business that may be appropriatelybrought forward to the Annual General Meeting

David SamuelAssociation Secretary

Notes to Meeting Notice:1. The election of the Executive Council, President and Vice

President will be held at the first Council Meeting after theAnnual General Meeting. (Wednesday 11 November 2015)

2. Nomination of Representatives (Second Schedule - separateblue form) and Nominations for the Council (Sixth Schedule -separate green form), must be forwarded to reach the VTASecretary not later than 9.30am, Tuesday 10 November2015.

Nomination of Representative(S):(Second Schedule)

Taxi-cab depot and taxi-cab operator members shall be entitledto representation on the Association in the proportion of onerepresentative to each three hundred or portion of three hundredtaxis which the member operates or has affiliated with themember.

NOMINATION OF COUNCILLORS: (Sixth Schedule)

Metropolitan DepotsEach Metropolitan depot may nominate one Councillor for thefirst 70 licensed taxi-cabs and an additional Councillor for eachnext 300 licensed taxi-cabs or at least 50% part thereof.

Outer Suburban Zone DepotsEach Outer Suburban Zone depot (Dandenong and Frankston),may nominate one Councillor for the first 50 licensed taxis and anadditional Councillor for each next 300 licensed taxis or at least50% part thereof.

Geelong Zone DepotThe Geelong Zone depot may nominate one Councillor.

Ballarat Zone DepotThe Ballarat Zone depot may nominate one Councillor.

Bendigo Zone DepotThe Bendigo Zone depot may nominate one Councillor.

Country RegionsEach region may nominate one Councillor, being that personselected by members of the region in accordance with theConstitution of the Association.

Taxi-cab Operators CollectiveOne Councillor for the first 70 taxi-cabs operated or licences held(as the case may be) by taxi-cab operator members and oneadditional Councillor for each additional 300 taxi-cabs or at least50% part thereof.

AGMMinutes

Notice Of Annual General Meeting14 October 2015

Minutes of the 2013/14 annual general meeting ofthe Victorian Taxi Association inc., held at the officesof the Victorian Taxi Association, on Wednesday 12November 2014

Bendigo ZoneBendigo TaxisPatrick Holahan

Country RegionsWesternJan Uebergang

North WesternTuna Guclu

North EasternAlan Bemrose

GippslandCarmen Giddens

Taxi-cab Operators CollectiveKristine Mitchell

The Chairman declared those nominatedto be appointed

Appointment of AuditorMoved S Armstrong, seconded K Dunn thatBadawy Large and Powers be appointedthe Auditors for the Association for thefinancial year ending 30 June 2015.CARRIED

ClosureThere being no further business theChairman thanked members for theirattendance and declared the meetingclosed at 1:45pm.

Confirmed

Chairman:

Date:


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19

Committee’s Report 20

Income Statement 21

Balance Sheet 24

Cash Fl ow Statement 25

Notes to the Financial Statements 26

Statement by Members of the Committee 33

Auditor’s Report 34

FinancialReportVictorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Financial Reportfor the Year Ended30 June 2015Liability limited by a scheme approvedunder Professional StandardsLegislation


Income Statementfor the year ended 30 June 2015Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Income 2015 2014$ $

Convenor Fees Received 20,000 -

Income Received 43,561 26,938

Subscriptions 1,393,798 1,285,925

State Conference 88,659 43,959

1,546,018 1,356,822

Other IncomeInterest Received 17,327 18,387

Sundry Income 96 9

Loss on Sale of Non-current Assets (1,643) (615)

15,780 17,781

1,561,798 1,374,603

21The accompanying notes form part of these financial statements

Committee’s Report

Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

zYour committee members submit the financial report of the Victorian Taxi Association and ControlledEntity for the financial year ended 30 June 2015.

Committee MembersThe name of each member of the committee during the year and if different, at the date of the report;

Kevin F. GangeStephen G. ArmstrongStuart OverellAndrew GilmartinGregory HardemanPeter ValentineNirmal Sekhon

Principal ActivitiesThe principal activities of the association during the financial year were:

Providing services to taxi owners

Significant ChangesNo significant change in the nature of these activities occurred during the year.

Operating ResultThe profit of the association after providing for income tax amounted to $108,659.00.

Signed in accordance with a resolution of the Members of the Committee.

Committee Member:Stephen G Armstrong

Committee Member:Stuart Overell

Dated this 19th. day of August 2015

Financial Report

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ABN 78 170 677 241

Note 2015 2014$ $

Profit before income tax 110,145 86,404

Income tax expense 2 1,486 1,274

Profit after income tax 108,659 85,130

Retained earnings at the beginning of the financial year 1,591,682 1,506,551

Retained earnings at the end of the financial year 1,700,341 1,591,681



Income Statementfor the year ended 30 June 2015 Victorian Taxi Association Inc.and Controlled Entity

Income Statement for the year ended 30 June 2015Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Expenditure 2015 2014$ $

Advertising 5,559 4,732

Affiliation Fees & Subscriptions 76,320 62,029

Allowances 18,448 18,450

Auditor's Remuneration 26,036 29,490

Bad Debts Written Off 1,226 -

Bank Charges 1,405 1,403

Computer Expenses 8,207 6,248

Conference & Seminars 6,541 17,605

Consultancy Fees 50,941 75,650

Depreciation 21,764 19,697

Filing Fees 833 517

Holiday Pay (53,524) (5,062)

Insurance 13,067 10,365

Interest Paid 2,003 3,100

Legal Costs 121,144 117,472

Long Service Leave 19,957 2,168

Meeting Expenses 28,469 27,461

Motor Vehicle Expenses 17,180 16,171

Occupancy Expenses 64,552 60,716

Office Expenses 5,071 6,062

Postage 3,504 1,993

Printing, Stationery & Photographic 30,569 19,153

Promotions & Functions 24,373 17,816

Publications 32,281 30,572

Public Relations 59,962 10,630

Expenditure 2015 2014$ $

Salaries & On Costs 720,188 656,380

Staff Training 3,003 2,347

State Conference 66,624 31,268

Taxes - FBT 7,671 9,891

Telecommunications 62,884 29,426

Travel & Transport 5,395 4,449

1,451,653 1,288,199

Financial Report

22 The accompanying notes form part of these financial statements

Cash Flow Statement for the year ended 30 June 2015Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Cash Flows from Operating Activities Note 2015 2014$ $

Receipts from members 1,504,325 1,286,391

Other receipts 63,004 55,483

Payments to suppliers and employees (1,506,765) (1,263,827)

Interest received 17,327 18,387

Income tax paid 618 369

Net cash provided by (used in) operating activities 13 78,509 96,803

Cash Flows from Investing ActivitiesProceeds from sale of fixed assets 182 73

Payments for property plant & equipment (10,050) (4,067)

Net cash provided by (used in) investing activities (9,868) (3,994)

Cash Flows From Financing ActivitiesProceeds from borrowings - -

Repayment of borrowings (10,013) (16,942)

Net cash provided by (used in) financing activities (10,013) (16,942)

Net increase (decrease) in cash held 58,628 75,867

Cash at beginning of financial year 530,021 454,154

Cash at end of financial year 3 588,649 530,021



Balance Sheetas at 30 June 2015Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Assets Note 2015 2014$ $

Current Assets

Cash and cash equivalents 3 588,649 530,022

Trade and other receivables 4 31,632 37,275

Prepayments 63,703 79,535

Total current assets 683,984 646,832

Non-current assets

Property, plant and equipment 5 1,643,701 1,657,240

Intangible assets 6 1,410 1,410

Total non-current assets 1,645,111 1,658,650

Total assets 2,329,095 2,305,482

Liabilities Current liabilities

Trade and Other Payables 7 150,886 246,371

Employee benefits 10 73,667 53,710

Provision for Income Tax 8 494 -

Total current liabilities 225,047 300,081

Non-current liabilities

Borrowings 9 24,600 34,613

Total non-current liabilities 24,600 34,613

Total liabilities 249,647 334,694

Net assets 2,079,448 1,970,788

Members' funds

2 Ordinary Shares of $1 2 2

Reserves 11 379,105 379,105

Retained earnings 12 1,700,341 1,591,681

Total members' funds 2,079,448 1,970,788

Financial Report

24 The accompanying notes form part of these financial statements


27

Notes to the Financial Statementsfor the year ended 30 June 2015Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Deferred tax assets and liabilities are offset where there is a legal right to set off current tax assetsagainst current tax liabilities and the deferred tax assets and the deferred tax liabilities relate to incometaxes levied by the same taxation authority on either the same taxable entity or different taxable entitieswhich intend either to settle current tax liabilities and assets on a net basis, or to realise the assets andsettle the liabilities simultaneously in each future period in which significant amounts of deferred taxliabilities or assets are expected to be settled or recovered.

Current and deferred tax is recognised as income or an expense and included in profit or loss for theperiod except where the tax arises from a transaction which is recognised in other comprehensiveincome or equity, in which case the tax is recognised in other comprehensive income or equityrespectively.

The Association is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

Plant and EquipmentPlant and equipment is carried at cost less, where applicable, any accumulated depreciation.

The depreciable amount of all plant and equipment is depreciated over the useful lives of the assets tothe Association commencing from the time the asset is held ready for use.

LeasesLeases of fixed assets, where substantially all the risks and benefits incidental to the ownership of theasset (but not the legal ownership) are transferred to the association, are classified as finance leases.

Employee BenefitsProvision is made for the association's liability for employee benefits arising from services rendered byemployees to the end of the reporting period. Employee benefits that are expected to be settled withinone year have been measured at the amounts expected to be paid when the liability is settled.

Employee benefits expected to be settled more than twelve months after the end of the reporting periodhave been measured at the present value of the estimated future cash outflows to be made for thosebenefits. In determining the liability, consideration is given to employee wage increases and theprobability that the employee may satisfy vesting requirements. Cashflows are discounted using marketyields on national government bonds with terms to maturity that match the expected timing ofcashflows. Changes in the measurement of the liability are recognised in profit or loss.

Employee benefits are presented as current liabilities in the balance sheet if the association does nothave an unconditional right to defer settlement of the liability for at least 12 months after the reportingdate regardless of the classification of the liability for measurement purposes under AASB 119.

ProvisionsProvisions are recognised when the association has a legal or constructive obligation, as a result of pastevents, for which it is probable that an outflow of economic benefits will result and that outflow can bereliably measured.


ABN 78 170 677 241

26

Statement of Significant Accounting Policies

Basis of PreparationThis financial report is a special purpose financial report prepared in order to satisfy the financialreporting requirements of the Associations Incorporation Reform Act 2012. The committee hasdetermined that the association is not a reporting entity.

The financial report has been prepared on an accruals basis and is based on historic costs anddoes not take into account changing money values or, except where specifically stated, currentvaluations of non-current assets.

The following significant accounting policies, which are consistent with the previous periodunless stated otherwise, have been adopted in the preparation of this financial report.

Income TaxThe tax expense recognised in the statement of profit or loss and other comprehensive incomerelates to current income tax expense plus deferred tax expense (being the movement indeferred tax assets and liabilities and unused tax losses during the year).

Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit(tax loss) for the year and is measured at the amount expected to be paid to (recovered from) thetaxation authorities, using the tax rates (and tax laws) that have been enacted or substantivelyenacted by the end of the reporting year.

Deferred tax is provided on temporary differences which are determined by comparing thecarrying amounts of tax bases of assets and liabilities to the carrying amounts in the financialstatements.

Deferred tax is not provided for the following:

- The initial recognition of an asset or liability in a transaction that is not a businesscombination and at the time of the transaction, affects neither accounting profit nor taxableprofit (tax loss)

- Taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to theperiod when the asset is realised or the liability is settled, based on tax rates (and tax laws) thathave been enacted or substantively enacted by the end of the reporting year.

Deferred tax consequences relating to a non-monetary asset carried at fair value are determinedusing the assumption that the carrying amount of the asset will be recovered through sale.

Deferred tax assets are recognised for all deductible temporary differences and unused taxlosses to the extent that it is probable that taxable profit will be available against which thedeductible temporary differences and losses can be utilised.

Current tax assets and liabilities are offset where there is a legally enforceable right to set off therecognised amounts and there is an intention either to settle on a net basis or to realise the assetand settle the liability simultaneously.

1

Financial Report


29


ABN 78 170 677 241

2015 2014

Income Tax Expense $ $

The components of tax expense comprise:Income Tax Expense 1,486 1,274

Cash and Cash EquivalentsCash on Hand 541 351

Term Deposits 394,634 382,950

Deposits at Call 99,115 104,516

General Cheque Account 94,359 42,205

588,649 530,022

Trade and Other Receivables

Current

Sundry Debtors 1,026 374

Trade Debtors 9,670 21,628

Input Tax Credits 20,936 15,273

31,632 37,275

2

3

4


ABN 78 170 677 241

28

Cash and Cash EquivalentsCash and cash equivalents include cash on hand, deposits held at call with banks, other short termhighly liquid investments with original maturities of three months or less.

Revenue and Other IncomeRevenue is recognised when the amount of the revenue can be measured reliably, it is probable thateconomic benefits associated with the transaction will flow to the entity and specific criteria relating tothe type of revenue as noted below, has been satisfied.

Revenue is measured at the fair value of the consideration received or receivable and is presented netof returns, discounts and rebates.

Interest revenueInterest revenue is recognised using the effective interest rate method.

Rendering of servicesRevenue in relation to rendering of services is recognised depends on whether the outcome of theservices can be measured reliably. If this is the case then the stage of completion of the services is usedto determine the appropriate level of revenue to be recognised in the period. If the outcome cannot bereliably measured then revenue is recognised to the extent of expenses recognised that are recoverable.

All revenue is stated net of the amount of goods and services tax (GST).

Goods and Services Tax (GST)Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST),except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO).

Receivables and payables are stated inclusive of GST. The net amount of GST recoverable from, orpayable to, the ATO is included as part of receivables or payables in the balance sheet.

Financial Report


31


ABN 78 170 677 241

2015 2014

Accounts Payable and Other Payables $ $

Current

Trade Creditors 22,836 51,473

Other Creditors 31,651 54,032

GST Payable 44,723 35,902

Amounts Withheld 15,154 14,919

Provision for Annual Leave 36,522 90,045

150,886 246,371

TaxLiabilities

Current

Provision for Income Tax 494 -

BorrowingsNon-Current

Chattel Mortgage - Equipment - 1,589

Chattel Mortgage - MV 24,600 33,024

Total non-current borrowings 24,600 34,613

Total borrowings 24,600 34,613

Employee BenefitsCurrent

Provision for Long Service Leave 73,667 53,710

ReservesAsset Revaluation Reserve

Opening Balance for the year 379,105 379,105

7

8

9

10

11


ABN 78 170 677 241

30

5

6

2015 2014Property, Plant and Equipment $ $

Land and BuildingsFreehold Land & Buildings - @ Valuation 2012 1,600,000 1,600,000

Total Land and Buildings 1,600,000 1,600,000

Plant and Equipment 20,523 20,523Less: Accumulated Depreciation (16,913) (16,275)

3,610 4,248

Motor Vehicles 73,460 73,460Less: Accumulated Depreciation (47,911) (39,393)

25,549 34,067

Office Furniture & Equipment 34,581 45,198Less: Accumulated Depreciation (27,340) (34,592)

7,241 10,606

Furniture & Fittings 21,478 22,210Less: Accumulated Depreciation (15,604) (14,997)

5,874 7,213

Staff Amenities 4,497 3,972Less: Accumulated Depreciation (3,070) (2,866)

1,427 1,106

Total Plant and Equipment 43,701 57,240

Total Property, Plant and Equipment 1,643,701 1,657,240

Intangible AssetsFormation Expenses 1,410 1,410

Goodwill - -

Less Accumulated Amortisation - -

Total 1,410 1,410

Financial Report


33

Statement by Members of the Committee

Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

The committee has determined that the association is not a reporting entity and that thisspecial purpose financial report should be prepared in accordance with the accounting policiesoutlined in Note 1 to the financial statements.

In the opinion of the committee the financial report:

1. Presents a true and fair view of the financial position of Victorian Taxi Association andControlled Entity as at 30 June 2015 and its performance for the year ended on that date.

2. At the date of this statement, there are reasonable grounds to believe that Victorian TaxiAssociation and Controlled Entity will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Committee and is signed for andon behalf of the Committee by:

Committee Member:Stephen G Armstrong

Committee Member:Stuart Overell


Financial Report

32

2015 2014

Retained Earnings $ $

Retained earnings at the beginning of the financial year 1,591,682 1,506,551

Net profit attributable to the association 108,659 85,130

Retained earnings at the end of the financial year 1,700,341 1,591,681

Cash Flow InformationReconciliation of Cash Flow from Operations with Profit after Income Tax

Profit (Loss) after income tax 108,660 85,130

Non-cash flows in profit

Profit/(Loss) on sale of non-current assets 1,643 615

Depreciation 21,764 19,697

Charges to provisions (33,566) (2,894)

Increase (Decrease) in income taxes payable 729 11,770

Changes in assets and liabilities, net of the effects of purchase and disposals of subsidiaries

(Increase) Decrease in current inventories - 1,621

(Increase) Decrease in current receivables 11,307 (21,451)

(Increase) Decrease in prepayments 15,832 (55,923)

Increase (Decrease) in sundry creditors 3,158 33,429

Increase (Decrease) in trade creditors (28,637) 23,855

Increase (Decrease) in other creditors (22,381) 954

78,509 96,803


ABN 78 170 677 241

12

13


Independent Auditor's Report

To the Members of Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

Auditor's OpinionIn my opinion, the financial report of Victorian Taxi Association and Controlled Entity is inaccordance with:

(a) the Corporations Act 2001, including:

(i) giving a true and fair view of the company's financial position as at 30 June 2015 and ofit's performance for the year ended on that date in accordance with accounting policiesdescribed in Note 1; and

(ii) complying with Australian Accounting Standards, comprising AASB 1025 'Application ofthe Reporting Entity Concept and Other Amendments' and other Australian AccountingStandards to the extent described in Note 1 and Corporations Act 2001; and

(b) other mandatory professional reporting requirements to the extent described in Note 1.

In my opinion, the financial report presents fairly in accordance with the accounting policiesdescribed in Note 1 of the financial statements, the financial position of Victorian TaxiAssociation and Controlled Entity as at 30 June 2015 and the results of its operations and itscash flows for the year then ended.

In my opinion, the financial report presents a true and fair view of the financial position ofVictorian Taxi Association and Controlled Entity as at 30 June 2015 and the results of itsoperations and its cash flows for the year then ended in accordance with the accountingpolicies described in Note 1 to the financial statements.

Name of Firm:Badawy & AssociatesRegistered Auditor 7918

Name of Principal:J Badawy

Address:Suite 101A/ 486 Whitehorse Road SURREY HILLS 3127


35

Independent Auditor's Report

To the Members of Victorian Taxi Association Inc.and Controlled Entity

ABN 78 170 677 241

ScopeI have audited the financial report, being a special purpose financial report, of Victorian TaxiAssociation and Controlled Entity for the year ended 30 June 2015. The Committee isresponsible for the financial report and has determined that the accounting policies used anddescribed in Note 1 to the financial statements which form part of the financial report areconsistent with the financial reporting requirements of the Associations Incorporation ReformAct 2012 and are appropriate to meet the needs of the members. I have conducted anindependent audit of the financial report in order to express an opinion on them to themembers of Victorian Taxi Association and Controlled Entity. No opinion is expressed as towhether the accounting policies used are appropriate to the needs of the members.

The financial report has been prepared for the purpose of fulfilling the requirements under theAssociations Incorporation Reform Act 2012. I disclaim any assumption of responsibility for anyreliance on this audit report or on the financial report to which it relates to any person otherthan the members, or for any purpose other than that for which it was prepared.

My audit has been conducted in accordance with Australian Auditing Standards. Myprocedures included examination, on a test basis, of evidence supporting the amounts andother disclosures in the financial statements and the evaluation of significant accountingestimates. These procedures have been undertaken to form an opinion whether, in all materialrespects, the financial report is presented fairly in accordance with the accounting policiesdescribed in Note 1, so as to present a view which is consistent with my understanding of theAssociation's financial position, and performance as represented by the results of its operationsand cash flows. These policies do not require the application of all Australian AccountingStandards and other mandatory professional reporting requirements in Australia.

The audit opinion expressed in this report has been formed on the above basis.

IndependenceIn conducting my audit, I followed applicable independence requirements of Australianprofessional ethical pronouncements.

Financial Report

34

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