Transurban (ASX:TCL) moves higher after NSW shortens toll enforcement timeframe by 57 days
Transurban Group finished Tuesday at A$15.19, adding 0.46%. The S&P/ASX 200 slipped 0.33%, so the toll road group outperformed by 0.79 points. The ASX cash market was still in pre-open at deadline. Trading was set for a 10 a.m. start in Sydney. Transurban’s new digital system speeds up unpaid-toll enforcement. According to the process chart, unpaid tolls now hit debt collection or infringement in 21 days, instead of 78 days under the old setup. That’s 57 days quicker, a 73% reduction. Reminders go out between day two and four, with a payment demand by day eight.