The $6.5B surcharge trap + Top exec found dead after being granted bail
Episode description
Afternoon Headlines: Bank exec charged with procuring under-age girls for sex found dead, Aussie dollar down as unemployment rate rises, Palestinian Ministry of Health reports over 58,000 killed in Gaza since October 7 and Tomorrowland mainstage engulfed by flames.
Deep Dive: Credit and debit surcharges are costing Australians billions of dollars every year. But who’s making the profit? The RBA announced this week that it wants to crack down on a major loophole and abolish the surcharges.
In this episode, Natarsha Belling is joined by Brad Kelly, co-founder of Independent Payments Forum, who explains how the surcharges work and why the planned overhaul may actually be bad news for small businesses and consumers.
Follow The Briefing:
TikTok: @thebriefingpod
Instagram: @thebriefingpodcast
YouTube: @LiSTNRnewsroom
Facebook: @LiSTNR Newsroom
See omnystudio.com/listener for privacy information.