CANBERRA, ACT, Oct. 9 -- The Treasurer of Australia issued the following media release:
The Albanese Government has stepped in to ensure small businesses and other taxpayers have a longer transition period before the ATO phases out credit card payments.
This decision is about putting small business first.
Australian small businesses have said the ATO's announced timeframe was inadequate and we have taken these concerns seriously and acted on them.
Labor will always back small businesses because we know how important they are to our economy.
The Government will provide transitional funding so the ATO can continue accepting credit card transactions until the end of the financial year, with costs to be finalised in MYEFO.
This will provi...