Amendment paper Bill current Released 11 December 2025 | Arena Williams

Retail Payment System (Ban on Merchant Surcharges) Amendment Bill - Amendment paper No 495

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Contents

Part 1A Monitoring of interchange fees

Explanatory note

No 495

House of Representatives

Amendment Paper

Retail Payment System (Ban on Merchant Surcharges) Amendment Bill

Proposed amendment

Arena Williams, in Committee, to move the following amendment:

New Part 1A

After clause 6 (page 2, after line 23), insert:

Part 1A Monitoring of interchange fees

6A New subpart 4 of Part 1 inserted

After section 28, insert:

Subpart 4—Monitoring of interchange fees

28A Commission must monitor interchange fee activities

(1)

The Commission must, on an ongoing basis, monitor the interchange fees charged by designated networks.

(2)

The Commission—

(a)

must, within 3 months of the end of each financial year, prepare a report on its monitoring activities under subsection (1) and any findings arising from the monitoring; and

(b)

may at any time prepare any additional reports the Commission considers necessary on any matter of significant concern identified during its monitoring under subsection (1).

(3)

The Commission must give the Minister a copy of any report prepared under subsection (2) as soon as practicable after completing it.

(4)

The Minister must, within 10 working days after receiving a report under subsection (3), present the report to the House of Representatives.

(5)

In this section, interchange fees, in relation to a designated network, has the same meaning that is has under the network rules of that network.

Explanatory note

This Amendment Paper amends the Retail Payment System (Ban on Merchant Surcharges) Amendment Bill.

Retail Payment System (Ban on Merchant Surcharges) Amendment Bill - Amendment paper No 495