Payment surcharges must not be excessive
55B Payment surcharges must not be excessive
A corporation must not, in trade or commerce, charge a payment surcharge that is excessive.
A payment surcharge is excessive if:
the surcharge is for a kind of payment covered by:
a payment system standard; or
regulations made for the purposes of this subparagraph; and
the amount of the surcharge exceeds the permitted surcharge referred to in the payment system standard or the regulations.
Subsection (1) does not apply to a corporation who is exempted from its operation by the regulations.
This provision refers to the regulations (the regulations
). Made under this Act:
- Australian Competition and Consumer Commission (Allowances) Regulations · under s 172
- Competition and Consumer Regulations 2010 · under s 172
- Trade Practices (Consumer Product Safety Standard) (Treadmills) Regulations 2009 · under s 172(1)
24 more instruments made under this Act are listed on the Act’s overview.
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