An unpaid toll can potentially leave motorists hundreds of dollars out of pocket, and even facing imprisonment.
The current wave of infrastructure development taking place across many Australian cities is seeing the number of toll roads expand rapidly. It means improved travel for motorists, though this convenience can come at a remarkably high price. Leave a toll unpaid and you can face a raft of fees and charges far beyond the value of the outstanding toll.
As a guide to the possible financial fallout of unpaid tolls, in early 2016 The Age reported the case of a woman who amassed $50,000 worth of unpaid tolls and associated charges.
It came about through a combination of personal factors including the birth of a new baby, a cancer diagnosis, a change of address and the woman’s partner driving for eight months across Melbourne’s tollways without an e-tag. The situation reached crisis point when a sheriff appeared at her home with a warrant for her arrest.
This may be an extreme example but in one case referred to the Tolling Customer Ombudsman (TCO) a driver received 17 invoices for unpaid tolls over a five-day period – each invoice attracting its own $21.32 administration fee. It meant he owed almost $400, of which tolls comprised just $30.
To understand how drivers can find themselves in this nightmare scenario, it’s worth looking at how the toll system works.
Australia has 16 toll roads in three states – Victoria, Queensland and NSW. The vast majority of these, 13 in all, are owned or part-owned by the publicly listed company Transurban. For the toll giant, user-pay roads are a solid earner. In the 2015-16 financial year alone Transurban’s toll revenue rose 17.5% to $1.9 billion.
Denne historien er fra May 2017-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2017-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.