Submission to Reserve Bank of Australia’s review card surcharging inquiry

CHOICE, along with MobStrong and the Financial Rights Legal Centre, supports the Reserve Bank of Australia’s proposal to ban debit and credit card surcharging.

We recommend that the RBA:

1. Proceed with its proposed ban on card surcharges.
2. 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.
3. Encourage the Federal and State Governments to revisit the taxi industry’s
   exemption from surcharging rules.
4. Recommend that the Federal Government proactively ban surcharges on cash
   transactions.
   

Download the report (PDF)

• Submission to Reserve Bank of Australia’s card surcharging inquiry

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