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AU Financial Review

Small business says Labor's card surcharge ban will be inflationary

David Basheer runs the Strathmore Hotel in Adelaide's CBD. The venue, on North Terrace, is popular with footy fans who enjoy its stone-grilled steaks with a few Coopers when Port or the Crows are playing; the Adelaide Oval is a five-minute walk away. While Adelaide's big win over Carlton on Saturday evening brought his patrons cheer, the return of the Albanese government a few hours later created a sense of dread for him. Basheer is fretting about being lumbered with a six-figure payment cost, as the government prepares to ban debit card surcharges from next January, which is under consideration by the Reserve Bank.