Ban on excessive payment surcharging

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 […]

Review of card payments regulations

As a result of a review of the regulatory framework for card payments conducted last year by the Reserve Bank, the Federal Government recently announced draft legislation that will insert a ban on surcharging in excess of merchant costs into the Competition and Consumer Act (2010). The Reserve Bank recently released a Consultation Paper containing […]