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PayDay News | Australian Payments News

How the RBA created the surcharge snafu it now blames on others

Senior Business Correspondent
8 Apr, 2026
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Michael Sainsbury
Senior Business Correspondent
8 Apr, 2026
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Amidst high inflation, global uncertainty and surging fuel prices, Michele Bullock announced the controversial surcharging ban last week by saying the system "no longer works as intended." What she didn't say is that she was one of the people who made it work the way it did.
How the RBA created the surcharge snafu it now blames on others
RBA Governor Michele Bullock. Background image by Engin Akyurt.

Amidst high inflation, global uncertainty and surging fuel prices, Michele Bullock announced the controversial surcharging ban last week by saying the system "no longer works as intended." What she didn't say is that she was one of the people who made it work the way it did.

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