CANBERRA, ACT, March 31 -- The Treasurer of Australia issued the following media release:
Australians will no longer pay $1.6billion a year in surcharges and small businesses will save $910million when credit and debit card surcharging ends in October.
These changes will take pressure off consumers and businesses and help with the cost of living.
People shouldn't be punished for using a credit or debit card.
Australians should be able to use debit and credit cards without being penalised, and that's what this change will help to deliver.
In late 2024, the Albanese Labor Government announced that we were prepared to ban debit card surcharges to help with the cost of living, subject to further work by the Reserve Bank and safeguards to e...