Statute
Section 55B — Competition and Consumer Act 2010: Payment surcharges must not be excessive
Text of the provision Official document
(1) A corporation must not, in trade or commerce, charge a payment surcharge that is excessive. (2) A payment surcharge is excessive if: (a) the surcharge is for a kind of payment covered by: (i) a payment system standard; or (ii) regulations made for the purposes of this subparagraph; and (b) the amount of the surcharge exceeds the permitted surcharge referred to in the payment system standard or the regulations. (3) Subsection (1) does not apply to a corporation who is exempted from its operation by the regulations.
Official source: Federal Register of Legislation
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