Ban on excessive payment surcharging

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The Competition and Consumer Amendment (Payment Surcharges) Act 2016 commenced on 25 February 2016.  The Act insert a new section into the Competition and Consumer Act 2010 (CCA) which bans excessive payment surcharges. The introduction of this ban now prohibits excessive surcharges relating to payments covered by a Reserve Bank of Australia (RBA) standard or […]

Message from the CEO: 23rd October 2015

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On Monday this week the Federal Government released its response to the Financial System Inquiry.  Of most interest for retailers was a commitment to prohibit merchants from levying credit card surcharges “that are greater than the cost to them of accepting payment by card”. A delegation from the NRA met with the new Treasurer, Scott […]