Queensland's taxi industry is building a multi-million-dollar fund ahead of the state election to fight ride-sharing services like Uber.

The Taxi Council has asked every licence holder to contribute $720 per licence to target.

With roughly 3,265 licences in Queensland, that would raise to $2.3 million but not all licence holders have to pay.

Queensland Taxi Council president Benjamin Wash told ABC Radio Brisbane said it was "not about throwing our weight behind any one political party".

"We won't be contributing a dollar to any political party out of that funding," he said.

The money will be used to campaign for the interests of taxis and limousines.

"We will certainly be saying vote for someone who supports good policy, but equally it could be any other political party," Mr Wash said.

"It's really about fighting for good policy and making sure that our message is heard out there amongst the rest of Queensland."

The Queensland Government legalised ride-sharing services like Uber last year.

Minister 'listening to industry'

Mr Hinchliffe said about $18m compensation has been paid so far. ( AAP: Dan Peled )

The State Government paid out $18 million in industry assistance to taxi and limousine licence holders after legalising ride-booking service Uber last year.

As part of the legalisation, the Government offered a $100 million assistance package, which included a one-off payment of $20,000 per taxi licence, capped at two licences, and $10,000 per limousine licence.

Transport Minister Stirling Hinchliffe said more than 700 applications had been processed, and another 900 applications were being processed.

"I and the Government are continuing to listen to industry feedback on the government's regulatory changes," he said.

"Particularly in relation to how hardship payments can be distributed for licence holders and operators, and that's an important next phase."