Flight Centre unhappy about new surcharge laws

Credit cards in a row falling - credit card debt concept

Flight Centre says it may raise service fees to combat the cost of new laws designed to crack down on excessive credit card surcharges.

The laws, which cleared parliament on Monday, mean merchants can be fined up to $108,000 if caught overcharging customers paying by credit card.

The Australian Consumer and Competition Commission will be responsible for policing the law, while the Reserve Bank of Australia will set the guidelines for what constitutes appropriate fees.

“We’re not particularly happy about it, but we don’t think it’s going to be a huge impost on us either,” Flight Centre managing director Graham Turner said.

“It might mean we have to put our service fees up a bit to recoup any small loss of margin.”

Mr Turner said about one-third of Flight Centre’s leisure transactions were done by credit card.

“It’ll be interesting to see what comes out of the detail because we, obviously, have a risk with chargeback and that has been acknowledged by the RBA.”

Latest News

  • Destinations

Adventure world offers chance to connect with “heart and soul” of the US with road trip offering

Adventure World, the leading custom travel specialist renowned for crafting immersive experiences, unveils its NEW Authentic Custom USA collection. Designed for the adventurous spirit, this program promises an unforgettable journey through America’s diverse landscapes, rich cultures and magnificent wildlife. “This isn’t just a holiday, it’s an opportunity to truly connect with the heart and soul […]

  • Hotels

Fiji’s family-owned luxury resort Likuliku Lagoon streamlines travel with its own app

Fiji’s iconic adults-only luxury resort has launched its very own App. Guests can now begin their Likuliku Lagoon Resort experience before they even arrive and plan their visit and activities straight from their device. Guests will be encouraged to use the App ahead of their stay so they don’t miss out on any of the […]