House debates

Tuesday, 20 October 2015

Questions without Notice

Financial Services

2:16 pm

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

The Prime Minister has already mentioned the announcements in response to the recommendation on surcharges that we will be banning unfair surcharges. Currently, the average interest change fee is 0.5 per cent. But we know that there are surcharges charged between one and three per cent and even as high as 10 per cent. Our response is to say, no, that is not fair and we will not allow that. (Time expired)

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