Australian consumers can heave a sigh of relief over excessive credit card surcharges, as the government has recently passed legislation in this regard. The legislation empowers the Australian Competition and Consumer Commission (ACCC) to bring to book companies pinching customers with credit card surcharges up to 1000% over the actual cost of processing payments with credit cards.
There’s a general assumption that employees whose work are deemed itinerant enjoy some degree of flexibility when it comes to tax laws concerning work travel claims.
With many companies vying for the same customers, customer loyalty programs with incentives have become the norm. Examples that easily come to mind include “Frequent Flyer” and “Fly Buy” programs that are set-up to stir customers into making recurring air travel through a particular airline.
The Australian Senate Economics References Committee has done a 360-degree turn on bitcoin. In a previous ruling a year ago, the Committee ruled that the crypto-currency is an intangible asset. The committee is now in support of labelling bitcoin as a regular currency, viable for goods and services tax (GST) purposes. (See the full Senate report here.)
