Old taxis with cracked mirrors, torn upholstery, missing door panels and no air-conditioning will now pass inspection after the state government scrapped up to 50 regulations that put rundown cabs out of action.

The move is part of a suite of reforms announced by NSW Transport minister Andrew Constance last Thursday, the same day that ride-sharing service UberX was legalised.

As many as 3443 active Cabcharge Fastcard accounts were affected. Credit:Louie Douvis

The Point to Point reforms - designed to reduce red tape for the taxi and car hire industries - include an immediate repeal of 50 regulations, and reportedly scrapped the age limit imposed on cabs.

On Thursday Mr Constance said the reforms were designed to reshape the taxi and hire car industry, focus on safety and cut $30 million in regulatory costs for service providers each year.