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Credit card surcharges overhaul leaves companies facing fines if found overcharging consumers

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Companies that charge consumers excessive credit card fees will be hit with big fines under a ban that takes effect on Thursday. Key points: •Limits come into force for large companies this month, smaller businesses next year •Consumers charged an excessive surcharge can contact the ACCC via its website The new law limits the amount […]

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Electricity bills to rise by $78 from mid next year

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The impending closure of the Hazelwood power station in Victoria could add an extra $78 to household power bills in eastern states, an Australian Energy Market Commission (AEMC) report suggests. AEMC chairman John Pierce pointed to the Federal Government’s renewable energy target and the closure of Victoria’s Hazelwood coal-fired power station as fuel for the […]