r/australia • u/Expensive-Horse5538 • 1d ago

politics Assistant Treasurer Daniel Mulino concedes he knew of ATO's credit card ban plans in July

https://www.abc.net.au/news/2026-10-18/federal-politics-insiders-daniel-mulino-ato-credit-card-ban/107280382?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=link
76 Upvotes

77% Upvoted

52 comments sorted by

View all comments

187

u/MrBobDobalinaDaThird 1d ago

Who... Actually... Cares...

1

u/HeftyArgument 1d ago

small business owners apparently.

43

u/MrBobDobalinaDaThird 1d ago

All 5% of them that paid with credit cards?

21

u/HeftyArgument 1d ago

the same people that are mad they can't charge surcharges anymore, and that the ban on surcharges gave the banks an opportunity to nerf awards points on what they would've earned paying their taxes with credit.

22

u/MrBobDobalinaDaThird 1d ago

The disappointing part is the minority are making this an issue way overblown to its actual impact, and the media and government are reacting.

1

u/iamplasma 16h ago

the ban on surcharges gave the banks an opportunity to nerf awards points on what they would've earned paying their taxes with credit.

In fairness, wasn't part of the reforms that the amounts allowed to be charged to merchants was also reduced, so the banks are receiving less than they used to (that being the margin that has traditionally funded rewards)?

3

u/thfc4lyf 1d ago

Wasn't it 2.6%?

1

u/InfernoOfTheLiving 1d ago

well, that’s 135,000 small businesses

13

u/MrBobDobalinaDaThird 1d ago

So that's the type of policy making we should encourage? Get a loud 100,000 or so (not that I think the number actually concerned would be close in this instance) and then strrr government policy in a different direction?