Submissions on Review of Card Surcharging
In its Media Release of 8 June 2011, the Reserve Bank noted the Payments System Board's concern that in recent years some surcharging practices, including surcharging well in excess of card acceptance costs, may have reduced the effectiveness of previous surcharging reforms. The Board believes that, while the reforms have improved the efficiency of the payments system, including by improving price signals to cardholders, there may be a case for varying the Standards to allow schemes to place some limits on the level of surcharging. Accordingly, it sought the views of interested parties on both the case for doing so and the most suitable approach.
In addition to the submissions listed below, the Reserve Bank has received a number of other submissions that primarily focus on providing details on surcharging practices of particular merchants. These submissions will not be published but will be considered alongside all other submissions received.
Go To
Received by 20 July 2011
Accommodation Association of Australia
PDF 160K
20 July 2011
Australian Merchant Payments Forum
PDF 159K
20 July 2011
Australian Payments Clearing Association
PDF 567K
20 July 2011
Australian Taxi Drivers Association
PDF 294K or
DOC 107K
12 June 2011
Martin Brady
E-mail Submission
10 June 2011
Lindsay Burke
E-mail Submission
14 June 2011
Commonwealth Bank of Australia
PDF 187K
20 July 2011
eftpos Payments Australia Limited
PDF 386K
20 July 2011
Raymond J Goddard
E-mail Submission
9 June 2011
Adrian Hewitt
PDF 37K or
DOC 24K
8 June 2011
Live Group
PDF 357K
20 July 2011
Chris Lysaght
E-mail Submission
9 June 2011
Craig Macbride
E-mail Submission
8 June 2011
Peter Mair
PDF 39K
or
DOC 35K
17 June 2011
MasterCard Worldwide
PDF 231K
20 July 2011
MWE Consulting Pty Ltd
PDF 43K
8 July 2011
Paul Myers
E-mail Submission
9 June 2011
National Billing Group Pty Ltd
(Revised submission)
PDF 153K
20 July 2011
W J Orme
PDF 22K
or
DOC 32K
27 June 2011
PayPal Australia Pty Limited
PDF 1.9M
20 July 2011
David Synnott
PDF 868K
16 June 2011
Tyro Payments Ltd
PDF 372K
20 June 2011
PDF 73K
20 July 2011
Westpac Banking Corporation
PDF 316K
20 July 2011
Received after 20 July 2011
Abacus - Australian Mutuals Limited
PDF 36K
22 July 2011
Australian Bankers' Association Inc.
PDF 73K
22 July 2011
Rennie Cacciola
E-mail Submission
16 August 2011
CHOICE
PDF 300K
21 July 2011
Indue Ltd
PDF 267K
25 July 2011
JB Hi-Fi Limited
PDF 253K
27 July 2011
National Retail Association Limited
PDF 168K
25 July 2011
NSW Department of Transport
PDF 85K
25 July 2011
Qantas Airways Limited
PDF 305K
29 July 2011
Restaurant and Catering Australia
PDF 273K
12 August 2011
Richard Ure
E-mail Submission
22 July 2011
Victorian Taxi Industry Inquiry
PDF 643K
26 July 2011
In response:
Cabcharge Australia Limited
PDF 667K
2 August 2011
Subsequent correspondence can be found on the Victorian Taxi Industry Inquiry website.
Visa AP (Australia) Pty Ltd
PDF 478K
21 July 2011
Woolworths Limited
PDF 109K
25 July 2011
Confidential Information
The following organisations provided submissions containing commercial-in-confidence information:
- American Express Australia Limited
- GE Capital Finance Australasia Pty Ltd
