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Debit Card Charges
The Albanese Government is working to reduce payment fees for small businesses and consumers.
We are prepared to ban debit card surcharging from 1 January 2026, subject to the consultation undertaken by the RBA, and sufficient steps and safeguards to ensure both small businesses and consumers can benefit from lower costs.
Question is: Why not 1 January 2025 ? Using a Debit Card, the money is immediately transferred as funds are in the account. Credit card not necessarily so. Suppose the banks would lose some of their almost $2 billion profit. How sad, never mind.
