00:00This is really a threatened ban that the government is talking about. It's saying it will potentially
00:07ban these surcharges by 2026, but it would rather the payment processes and banks actually
00:15ban them first themselves. The government says that this is something that's costing
00:20people $4 billion a year. Each time you tap your debit card or even your phone, you end
00:26up paying just a little bit extra on that, and the government says, particularly because
00:31it's a debit card, that is your money and you shouldn't be paying it. They are, however,
00:37saying that it will be subject to review and it's something that they will consider if
00:42there's no action taken by the payment processes. It hasn't been too well received by the Coalition
00:49or the Greens. We've heard from the Coalition this morning who say it's not really enough.
00:55We spoke to, or Peter Dutton spoke about it a little earlier.
00:59This is actually a plan for a plan. This Prime Minister always promises but never delivers.
01:04We're very happy to look at anything the government's going to propose, but it's not an announcement.
01:10It's just that they're looking at it and it could come in in 2026. Australian families
01:14need help now from this government. Instead of making good decisions, the government's
01:18made bad decisions.
01:19I don't think this call goes far enough. Rubber doesn't hit the road until 2026. I think
01:28people are struggling right now. I am worried that the government's squibbing it on credit
01:32cards. This is only for debit cards. A lot of people are paying for their groceries and
01:39their everyday items with their credit card and being slugged fees as well. I think we
01:45need to make sure it's the bank that covers the cost of this, not the consumer and not
01:51the small businesses. The government says it's given $2.1 million to the ACCC, which
01:57is the body that will review this, and there is a consultation paper out today.
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