Taxi compensation spreadsheets (Melbourne)
Purchased Nominal P 1986 59,600 1987 73,000 1988 95,500 1989 126,400 1990 110,800 1991 118,300 1992 129,200 1993 137,900 1994 138,100 1995 176,300 1996 210,375 1997 253,250 1998 263,000 1999 284,450 Buyout cost Real P Real P x 235 Real P (1994 cappe Nominal P x 235 Real P, 1991 > 1991>, 1994 cap Tapered real PTapered real #2 94,776 22,272,360 22,272,360 14,006,000 11,136,180 11,136,180 107,240 25,201,400 25,201,400 17,155,000 12,600,700 12,600,700 130,650 30,702,750 30,702,750 22,442,500 15,351,375 15,351,375 160,141 37,633,135 37,633,135 29,704,000 18,816,568 18,816,568 132,359 31,104,365 31,104,365 26,038,000 17,107,401 15,552,183 136,944 32,181,840 32,181,840 27,800,500 32,181,840 32,181,840 19,309,104 16,090,920 148,448 34,885,280 34,885,280 30,362,000 34,885,280 34,885,280 22,675,432 17,442,640 154,980 36,420,300 36,420,300 32,406,500 36,420,300 36,420,300 25,494,210 18,210,150 152,293 35,788,855 35,788,855 32,453,500 35,788,855 35,788,855 26,841,641 17,894,428 184,995 43,473,825 35,788,855 41,430,500 43,473,825 35,788,855 34,779,060 26,084,295 216,155 50,796,425 35,788,855 49,438,125 50,796,425 35,788,855 43,176,961 35,557,498 261,078 61,353,330 35,788,855 59,513,750 61,353,330 35,788,855 55,217,997 49,082,664 267,553 62,874,955 35,788,855 61,805,000 62,874,955 35,788,855 59,731,207 56,587,460 284,450 66,845,750 35,788,855 66,845,750 66,845,750 35,788,855 66,845,750 35,788,855 571,534,570 465,134,560 511,401,125 424,620,560 318,220,550 429,083,586 346,195,914

Notes: 1. Column D implies buyout of all licences at real purchase price 2. Column E as for D, but buyout of post 1994 licences is at real 1994 value, recognising the NCP sovereign risk assumption 3. Column F implies buyout of all licences at nominal purchase price 4. Column G implies buyout of licences purchased post 1990 at real purchase price. No compensation for licences held prior to 1991 5. Column H as for G, but with cap on buyout of post 1994 licences at 1994 real value, recognising sovereign risk assumption 6. Column I implies payment of % of real P on sliding scale: 1999 = 100%, 1989 and earlier = 50% 7. Column J as per I, but with steeper taper: 1994 and earlier = 50%

272,738,909 (Taper 2 wi 266,476,840

ith no pre-1991 payments