(1) The road transport authority may, on behalf of the Territory, auction a right for a taxi operator's licence to be issued to a person (a defined right ).
(2) The Minister must decide a reserve price for the defined right.
(3) The road transport authority may auction a defined right only if—
(a) the Minister has not decided a fee for the taxi operator's licence under subsection 106 (1) (Taxi operator's licences); and
(b) the number of defined rights would not exceed the number determined by the Minister by notice in the Gazette.