Looks as though the government will change the Payments Systems Regulation Act through Parliament, which will then allow the RBA to take control of the system, then they will consult the industry and community and make a decision. Might take a while
'After the reforms to the PSRA, the RBA plans to revisit this issue as part of a broader review of whether the RBA’s surcharging framework remains fit for purpose.
We welcome views on whether there have been developments that justify reconsidering whether BNPL providers should remove no-surcharge rules.'
$2 PARTY, page-9441
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