How could the ATO and RBA's policy changes affect the Australian Chamber of Commerce and Industry?
The Australian Chamber of Commerce and Industry is reacting to new tax and banking rules The Australian Chamber of Commerce and Industry has publicly reacted to the joint decisions by the ATO and RBA regarding credit card payments and surcharges. The organization's boss, Andrew McKellar, labeled the agency's decision unfair and contradictory for small businesses, particularly those who rely on credit cards to manage cash flow. The policy changes, which include the ban on card surcharges and the delay of accepting credit card payments for tax bills, have prompted significant backlash from the business community over increased operating costs.
- Effect
- Mild negative
- How direct
- Stated in the reporting
- When
- Right away
- The story
- Gone quiet
How it reaches Australian Chamber of Commerce and Industry
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The Reserve Bank of Australia and the Australian Taxation Office implemented rules banning credit card surcharges starting October 1, 2026. The ATO had planned to stop accepting credit card payments for tax bills, but this decision was delayed until June 2027 following criticism from small businesses.
The full event3independent outlets -
The joint decisions by the ATO and RBA to ban card surcharges and delay accepting credit card payments for tax bills have been criticized by small businesses. This policy shift, which forces businesses to absorb costs or raise prices, led the Australian Chamber of Commerce and Industry boss, Andrew McKellar, to label the agency's decision as unfair and contradictory for small businesses.
1 report connects these two. Brind only summarizes; follow a link to read the reporting itself.
- perthnow.com.au Oct 1
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Australian business organisation
Everything about Australian Chamber of Commerce and Industry
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The facts so far
As reported. Each one links to where it comes from.
- The surcharge ban came into force on October 1 and was designed to prevent businesses from passing card payment costs directly on to customers.dailymail.com
- The Australian Taxation Office was forced to delay plans to stop accepting credit card payments until June 2027 after a fierce response from small businesses.dailymail.com
- The decision angered Australian Chamber of Commerce and Industry boss Andrew McKellar who labelled the agency’s decision unfair and contradictory for small businesses.perthnow.com.au
Why it matters
The Australian Chamber of Commerce and Industry plays a crucial role in representing the interests of Australian businesses. When major regulatory changes, such as the ATO and RBA's decisions, are perceived as unfairly increasing the operating costs or complicating the cash flow of its members, the organization's mandate and influence are directly challenged.
This reaction comes amid broader concerns in the business community. Small businesses are already grappling with elevated transportation costs, electricity bills, and mandated wage rises, making the new financial obligations from the ATO and RBA a significant point of contention for the wider market.
What we don't know yet
- What specific lobbying actions will the Australian Chamber of Commerce and Industry take regarding the policy?
- Will the government intervene to mitigate the financial burden on small businesses?
Is this still moving?
- Reports
- 3
- Developments
- 3
- Repetition
- 0%
What would change this answer
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Reporting
- perthnow.com.auOct 1
- dailymail.comOct 12
- theepochtimes.comJul 10
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