House debates

Thursday, 4 February 2016

Bills

Competition and Consumer Amendment (Payment Surcharges) Bill 2015; Consideration in Detail

9:38 am

Photo of Adam BandtAdam Bandt (Melbourne, Australian Greens) Share this | Hansard source

Obviously, there is not going to be support for these amendments in the House, so I will not delay the matter further—and I elaborated the reasons for supporting these amendments further in my second reading speech. But I will ask the minister whether he believes that the principle of cost recovery for fees—namely, that you should only be able to charge a fee, if it reflects the real cost to the person providing that fee—should extend to ATM fees as well or whether it is limited only to credit card fees?

Secondly, the minister said that now is not the appropriate time and that there are other appropriate forums. Does the government have any plans to tackle excessive ATM fees; and should we be expecting any moves from the government on this any time soon?

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