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Consumer relief: Excessive credit card charges to go

Big businesses will be the first to comply with changes.

Big businesses will be the first to comply with changes. Photo AAP

Australian families should find a range of goods and services cheaper after excessive surcharging on using the plastic is banned from Thursday.

Turnbull government legislation passed in February prevents large businesses charging excessive fees on using cards or face substantial penalties.

ScoMo Scott Morrison

Treasurer Scott Morrison says consumers are entitled to a fair deal. Photo: AAP

Smaller merchants will have a further 12 months to comply.

“Consumers are entitled to a fair deal,” Treasurer Scott Morrison said in a statement on Sunday.

“That’s why the Turnbull government took action to ensure customers aren’t charged more than they should be.”

Qantas has pledged major changes to its surcharging practices while virgin Australia has promised to do the same.

Sports fans and concert goers are also likely to benefit with major ticketing firms also being subject to the ban, Mr Morrison said.

The Australian Competition and Consumer Commission (ACCC) is responsible for enforcing the ban.

WITH AAP

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