Message from the CEO: 23rd October 2015

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On Monday this week the Federal Government released its response to the Financial System Inquiry.  Of most interest for retailers was a commitment to prohibit merchants from levying credit card surcharges “that are greater than the cost to them of accepting payment by card”. A delegation from the NRA met with the new Treasurer, Scott […]

Message from the CEO: 16th October 2015

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Analysts were saying that the next move in interest rates would be upwards and we saw evidence of that this week – not from the Reserve Bank, but from Westpac, which announced a 0.2 per cent increase in its variable rate mortgage. It’s not the first bank to nudge its rates upwards, but it is […]