ATO (tax office) payments by credit card

[kpc]

So with the repreive, what cards are people actually planning to use to pay the ATO, iirc only NAB business cards and AMEX (at reduced rate) cards actually accrue points.

Or has this all been about non serious points earners wanting the extra 44+ days of credit

I have all 3, and probably be using my AMEX Plat Bus since the others have a credit limit

NAB Qantas Business Signature which is 0.66 Qf pts per $ spent up to 50K per statement period.

But I prefer Sq / Velocity pts (as Sq generally has better award availability) so Amex which only earns 0.5 Velocity or 0.33 SQ pts per $ spent.

I could also use my US Amex but then I woild be subject to Fx fluctuations.

 

[Ktan89]

The government made a rod for their own back with the credit card changes. Now they have to deal with the consequences.

Ultimately we will pay for it though. Its an endless cycle

 

[lovestotravel]

So with the repreive, what cards are people actually planning to use to pay the ATO, iirc only NAB business cards and AMEX (at reduced rate) cards actually accrue points.

Or has this all been about non serious points earners wanting the extra days of credit

I have all 3, and probably be using my AMEX Plat Bus since the others have a credit limit

Amex Plat Charge

Ultimately we will pay for it though. Its an endless cycle

There is a trend...

 

[MelbFlyer]

So... more government spending right? Someone's has to cover the cost

Ultimately we will pay for it though. Its an endless cycle

Absolutely - all these things (removal of surcharges, government spending, increased cost of goods) will just fuel inflation, then surprise surprise, the (clueless) RBA will then re-step in to raise rates again.

 

[transpactraveller]

The government made a rod for their own back with the credit card changes. Now they have to deal with the consequences.

The RBA, which operates independently of the government, removed a rule that prevented the card networks imposing a surcharge ban. Australia & NZ were global outliers in having this rule.

There was no legislation introduced or changed, and no vote in parliament. Surcharges have not been made illegal by the government.

 

[albyd]

Didn’t the government refer the matter to the RBA with the recommendation it make these changes?

 

[serfty]

The RBA, which operates independently of the government, removed a rule that prevented the card networks imposing a surcharge ban. Australia & NZ were global outliers in having this rule.

There was no legislation introduced or changed, and no vote in parliament. Surcharges have not been made illegal by the government.

Didn’t the government refer the matter to the RBA with the recommendation it make these changes?

Such discussion should be continued here:

Thread 'Card Payment Surcharges Banned in Australia from 2026'

Oct 14, 2024

There's an interesting article in the AFR today about some crazy credit card surcharging practices.

Live Payments, which leases payment terminals to small businesses, is incentivizing those businesses to cop a very high 2.6% processing fee in exchange for earning 1 Qantas Point per $1 processed. That fee can be passed on in full to customers under current regulations, which means the business can earn Qantas Points for free, essentially - and some are doing just that...

• Doctore1003
• Replies: 1,593
• Forum: Other Finance Discussion

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[transpactraveller]

Didn’t the government refer the matter to the RBA with the recommendation it make these changes?

According to Square, the RBA review was initiated after growing corporate and business pressure, most notably from the NAB CEO who publicly condemned surcharging as "outdated and outrageous".

There was no formal government referral or recommendation to the RBA to do this.