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PayDay News | Australian Payments News

Chalmers ready to pull the trigger on merchant fee reform

Senior Banking and Financial Services Correspondent
8 May, 2025
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George Lekakis
Senior Banking and Financial Services Correspondent
8 May, 2025
Add us as a preferred source on Google
The clock is already ticking for the Albanese Government to lower merchant service fees and ban surcharging on debit transactions - two of the Labor Party’s policy pledges at the recent federal election.The legislative reforms create wide-ranging discretionary powers for the Treasurer to regulate payments system participants.
Chalmers ready to pull the trigger on merchant fee reform
By George Lekakis, Senior Banking Correspondent In October Federal Treasurer Jim Chalmers promised to introduce a blanket ban on surcharging of debit card transactions

The clock is already ticking for the Albanese Government to lower merchant service fees and ban surcharging on debit transactions - two of the Labor Party’s policy pledges at the recent federal election.The legislative reforms create wide-ranging discretionary powers for the Treasurer to regulate payments system participants.

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