We support CHOICE’s recommendations to the RBA to proceed with its proposed ban on card surcharges; commit to a post-implementation review within 2-3 years of the proposals coming into effect, with a particular focus on whether cross-subsidisation is occurring between credit and debit card users, and whether further regulatory intervention is necessary to bring down scheme fees; encourage the Federal and State Governments to revisit the taxi industry’s exemption from surcharging rules; and recommend that the Federal Government proactively ban surcharges on cash transactions.
