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Australia to scrap bank card surcharges - could NZ follow suit?

Author
Newstalk ZB,
Publish Date
Wed, 16 Oct 2024, 7:23pm
Photo / File
Photo / File

Australia to scrap bank card surcharges - could NZ follow suit?

Author
Newstalk ZB,
Publish Date
Wed, 16 Oct 2024, 7:23pm

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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