Australia's Government is set to ban debit card surcharges as part of an economic crackdown designed to bring financial relief amid an ongoing cost-of-living crisis.

Over on this side of the Tasman, the coalition Government has hinted New Zealand may follow suit and cap surcharge fees for debit and credit cards. 

Commerce and Consumer Affairs Minister Andrew Bayly says he's committed to making sure Kiwis don't have to pay more than expected when they use their cards. 

"If there's clarity around it, then the retailer or Air New Zealand. whatever, can look at their situation and adjust accordingly."

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

Australia's Government is set to ban debit card surcharges as part of an economic crackdown designed to bring financial relief amid an ongoing cost-of-living crisis.
Over on this side of the Tasman, the coalition Government has hinted New Zealand may follow suit and cap surcharge fees for debit and credit cards. 
Commerce and Consumer Affairs Minister Andrew Bayly says he's committed to making sure Kiwis don't have to pay more than expected when they use their cards. 
"If there's clarity around it, then the retailer or Air New Zealand. whatever, can look at their situation and adjust accordingly."
LISTEN ABOVE
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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Andrew Bayly: Commerce and Consumer Affairs Minister on New Zealand potentially scrapping bank card surcharges

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/47b1dd5a-cc40-4691-9fdb-b20b014701bc/transcript