McBain says banks should be forced to wear card costs themselves

Key points

• Emergency Management Minister Kristy McBain says banks should pay the cost of processing card payments rather than small businesses. Since early October, businesses cannot pass card surcharges on to customers under new laws.
• Ms McBain wants the Reserve Bank of Australia to stop banks charging small businesses point-of-sale fees. The Coalition and the Greens have criticised the government over the surcharge ban and a delay in the tax office's refusal of credit card payments.
• The government says the cost of that delay will be announced later this year.