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“- See more Daily Mail on Google - save us as a Preferred Source A ban on card surcharges is supposed to deliver savings for Australian shoppers, but the reality could be quite different if retailers raise prices and banks claw back losses by axing rewards.”

“Treasurer Jim Chalmers said the ban would save consumers $1.6 billion in card surcharges and save businesses $910 million each year.”

“The tax office surprised businesses by dropping the news that it would no longer accept the payment method on October 1, the day that a ban on card surcharges came into effect.”

“If it didn’t pass on the surcharge costs now that Labor has banned them, the ATO would have been forced to absorb a $200 million cost.”

“…when this government is smashing small business with credit card surcharge bans, banning the payment of tax debts to the ATO, hitting them with so many other taxes and regulations, including right now before the parliament, tax changes to trusts, which will…”

“Australians will no longer be able to pay tax with credit cards from December, after the Australian Taxation Office (ATO) declared on October 1 it could not absorb the credit card surcharges it was now banned from passing on to taxpayers.”