(1)  A perpetual taxi licence authorises the taxi to which the licence number plate issued in respect of that licence is affixed to be hired on demand within, to or from the taxi area to which the licence relates –

(a) from a taxi zone; or

(b) by being hailed; or

(c) by being booked or ordered.

(2)  A perpetual taxi licence is the personal property of the owner of the licence and is capable of being leased or assigned.