The government is eyeing a crackdown on debit card fees and will encourage the ACCC to investigate excessive card costs in another bid to ease cost-of-living pressures.
The Labor government is looking to ban debit card surcharges and bolster the consumer watchdog’s ability to crackdown on excessive card costs in another cost-of-living relief bid for Aussies.
A potential ban on debit card surcharges could bring Australia in line with the UK and the European Union. Picture: NCA NewsWire / Gaye Gerard “We’re prepared to ban debit card surcharges, subject to further work by the Reserve Bank and safeguards to ensure small businesses and consumers can both benefit from lower costs.”
Debit Card Prime Minister Anthony Albanese Debit Card Surcharge Anthony Albanese Jim Chalmers ACCC
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACCC Alleges Coles and Woolworths Inflate Prices To Create Illusion of SalesThe Australian Competition & Consumer Commission (ACCC) has accused supermarket giants Coles and Woolworths of manipulating prices to make it appear as if their products are on sale, when in reality, they are simply maintaining inflated costs.
Read more »
Woolworths and Coles could be ‘innocent’ says former ACCC boss Graeme SamuelGraeme Samuel says the higher prices charged by the two major supermarkets could have been caused by suppliers, as the ACCC found the retailers have increased their earnings and operating margins over the past five years.
Read more »
Mirror-like offering by supermarket giants may be stifling vigorous competition, ACCC report saysAustralian Competition and Consumer Commission uses special information gathering powers to examine ‘concerning’ reports from grocery suppliers
Read more »
Australia’s supermarket giants Coles and Woolworths an oligopoly, ACCC says7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
ACCC inquiry exposes supermarket ‘oligopoly’Australia’s grocery sector has been classified as an “oligopoly” following the Australian Competition and Consumer Commission (ACCC) Supermarket Inquiry.
Read more »
ASX 200 LIVE: Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report.Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report. Follow updates here.
Read more »