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With the political parties battling it out on who is best at tackling the cost of living, attention has been directed towards whether the surcharge placed on debit card transactions is excessive. This has led to a group of six Labor MPs lobbying the Reserve Bank of Australia to limit the amount financial institutions can …
The Federal Government is proposing a ban on debit card surcharges to be implemented by 2026. The Reserve Bank of Australia is currently conducting a review into these unclear surcharges and the cost to Australians. Image: Shutterstock: PeopleImages.com – Yuri A Produced By: Vanessa Gawan-Taylor Featured In Story: Professor Steve Worthington from Swinburne University, …