44417 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs

44417 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs: Does the Minister share the concern of his officials that the proposed surcharge ban is likely to entrench the market power of Visa and Mastercard?

Hon Scott Simpson: I am committed to promoting competition in the payments sector. Open banking regulations are expected to be in force later this year and will encourage the growth of new payment methods.