Submissions on a Variation to the Surcharging Standards

In its Media Release of 16 December 2011, the Reserve Bank announced its decision to initiate a public consultation on a variation to the Standards relating to surcharging. The proposed variation to the Standards will allow scheme rules to limit surcharges to a reasonable cost of acceptance, while ensuring that merchants cannot be prevented from fully recovering their costs. The Bank sought the views of interested parties on the specific form of the proposed variation.

Received by 10 February 2012

Received after 10 February 2012