The $6.5B surcharge trap + Top exec found dead after being granted bail

Afternoon Headlines: Bank exec charged with procuring under-age girls for sex found dead, Aussie dollar down as unemployment rate rises, Palestinian Ministry of Health reports over 58,000 killed in Gaza since October 7 and Tomorrowland mainstage engulfed by flames. Deep Dive: Credit and debit surcharges are costing Australians billions of dollars every year. But who’s making the profit? The RBA announced this week that it wants to crack down on a major loophole and abolish the surcharges.  In this episode, Natarsha Belling is joined by Brad Kelly, co-founder of Independent Payments Forum, who explains how the surcharges work and why the planned overhaul may actually be bad news for small businesses and consumers.   Follow The Briefing: TikTok: @thebriefingpodInstagram: @thebriefingpodcast YouTube: @LiSTNRnewsroom Facebook: @LiSTNR NewsroomSee omnystudio.com/listener for privacy information.