Credit Card surcharges will become a thing of the past soon.
So rather than a surcharge, University of Sydney Business School professor Fei Gao thinks the item itself will now be more expensive.
"The business, they need to survive as well. They can't absorb the fees by themselves, so they will certainly pass it down to the customers," she said.
That bank fee should always have been part of the cost of business reflected in the price of goods and services.
https://www.abc.net.au/news/2026-03-31/rba-surcharges-debit-credit-new-reforms-october-2026/106500064
Federal Education Minister Jason Clare was also stunned by Professor Cortese's findings.
"It is shocking, but what is also shocking is that you can't break it down, and we should be able to know. We invest a lot of money in our universities," Mr Clare told Four Corners.
I will believe how really shocking it is to Minister Clare when I see a government that gets completely out of the habit of using consultants to do public servant's work.
https://www.abc.net.au/news/2026-03-30/university-consultants-fees-uts-kpmg-four-corners/106499192
We are at a history symposium in Freo, all about the Catalpa rescuing 6 Fenian convicts from Western Australia in 1876.
I bought a book about it which was signed by the author! Fremantle to Freedom by Peter Murphy and Fred Odea
#historyNerd