Uber suffers setback in Australia after being banned from the Northern Territory

Uber may have won over Australian states including New South Wales and the Australian Capital Territory, but the company is facing a hold out in the far north.

On Monday, the government of the Northern Territory announced it would not be making any regulatory changes to allow the ride share company to operate legally within its borders. The legal status of Uber in Australia varies state by state.

The Cabinet shot down the proposal, Transport Minister Peter Chandler told ABC News, but the option to allow it to enter the market in the future remained on the table. "This was a Cabinet decision where we would stop Uber at the moment from coming to the NT," he said. "Companies like Uber may operate here one day. If and when they do let's make sure we've the right regulation." Read more...