Victorian drivers will be offered a discount on their license renewal and the new licenses will be free under a new VicRoads deal that is expected to earn nearly $ 8 billion for the state.
The government will privatize parts of VicRoads as it partners with Aware Super, Australian Retirement Trust and Macquarie Asset Management in a 40-year deal called the “VicRoads Modernization Process”.
The association is said to provide $ 7.9 billion in advance revenue for the state, which the government has said will be invested in the new Victorian Future Fund to help deal with the debt of the COVID-19 pandemic .
Victorian drivers will have a discount on license renewal. (new)
Drivers who have not incurred points of demerit or committed offenses on the road in the three years prior to the expiration of their license will receive a 25 percent discount on the rate of renewal of their license.
Road Minister Ben Carroll said the measure “included road safety” in the agreement.
Students and test licenses will also be free.
Victorians who want to get their L plates will save up to $ 51.40 in test fees, while those who opt for their Ps will save up to $ 133.30.
The deal will also create 80 new jobs at VicRoads.
The rare occasions when people can’t wear seat belts