00:02The credit card controversy the government is still paying for.
00:06Three weeks in, fresh details have emerged about who knew what and when.
00:12In July the government became aware that the ATO was looking at options
00:17and that at that point their preference was to not accept credit cards.
00:22A longer lead time than previously suggested.
00:25Their decision that they took in the last week I believe of September,
00:30they informed us in the lead up to that.
00:33Adding to small business anger about the bungled handling of the ban.
00:37That's deficient. It left small business in the lurch.
00:41It meant that they were expendable. That's completely unacceptable.
00:45The timeline now becoming clearer.
00:47Labor learnt in July that the ATO was considering the ban.
00:51On September 25, a final decision was made.
00:54Business groups were told on September 30, a day before the ban was made public.
01:00Jim Chalmers stepping in a week later to delay the ban following a widespread backlash.
01:06At every point the Albanese government has failed to understand the implementation consequences
01:11of their higher taxes and higher charges agenda.
01:15The ATO's decision a consequence of the Reserve Bank's ban on credit card surcharges,
01:21which would leave the agency with a $200 million bill each year.
01:25So accepting credit card payments going on indefinitely would have very serious fiscal ramifications for the budget.
01:34Business groups believe the tax office will end up reversing its decision,
01:38though it's unclear who'd foot the bill.
01:41The fallout from this credit card ban has been consuming the government's agenda for weeks.
01:46The fact that ministers knew it was coming for months raises an obvious question.
01:50How did no one see this backlash coming?
01:53Especially after a controversial budget in May that had already put business groups offside.
01:59How did no one see that legislative zij добр vont?
02:00We could
02:00spend not 12 year old
02:01any
