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Second Reading Speeches

Competition and Consumer Amendment (Payment Surcharges) Bill 2015

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44

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Summary

Amends the

Competition and Consumer Act 2010
to establish a framework to ban surcharges imposed in respect of particular payment methods that exceed the cost of acceptance for those payment methods; and provide the Australian Competition and Consumer Commission with additional powers to gather information and issue infringement notices in enforcing the ban on excess surcharges.

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