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Despite being slugged almost $1billion a year in surcharges for the using credit and debit cards when out and about Australians are still abandoning cash at a rapid rate.
Small businesses are doing it tough in a higher interest rate environment and the key body representing them wants decisive government action.
A shop sign pointing out the transaction fees on card purchases has spurred a call to 'use cash' or risk losing it and pay ever high charges to the banks.
Small business representatives COSBOA will reportedly inform senators of their concerns and frustrations over a lack of consultation.
The SMSFA has expressed concerns that amendments to the Treasury Laws Amendment (2023 Measures No 1) Bill 2023 were accepted by the government last week without the usual consultation process. It said