New rules on credit card surcharges

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Running Time: 7:00

Date: 01/07/2016

The Government’s cracking down on excessive credit card surcharges.

A final standard on excessive credit card surcharges has been released by the Reserve Bank, with the Australian Competition and Consumer Commission charged with policing the new rules. Deputy Chair of ACCC, Dr Michael Schaper, explains what the rules mean and why they have been introduced.

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Dr Michael Schaper, ACCC