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Greens push to cut $2+ ATM fees now excessive credit card surcharges dead

Adam Bandt 2 Sep 2016

Following the death of excessive credit card surcharges from today onwards, Greens MP Adam Bandt today said the Greens will push to cut excessive ATM fees as well. Under the last Parliament the Greens moved amendments to the Competition and Consumer Amendment (Payment Surcharges) Bill 2015 to extend its measures that have brought an end to excessive credit card fees to also cover ATM fees, however both Labor and the Liberals voted them down. “Today marks the death of high credit card surcharges, but it should be marking the end of ATM fees of $2 or more as well,” Mr Bandt said.

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Debate on the Omnicuts Bill

I think it is really important to understand what is going on here. What is going on here is that we have a piece of legislation that is going to result in a saving of $6 billion; it is an incredibly complex piece of legislation. For the benefit of the new senators, who have not even had the opportunity to look at this legislation in detail, the legislation involves the abolition of Medicare-funded dental care for young children—something that was negotiated as a result of the 2010 parliament.

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Opening of the 45th Parliament

I begin by acknowledging the traditional owners of the land that we are meeting on, the Ngunawal people, and I want to pay my respects to their elders past and present. I want to acknowledge that their land was stolen and never ceded, and I look forward to a respectful dialogue in the 45th Parliament to achieve a just settlement with Aboriginal and Torres Strait Islander peoples in this country.

Our Constitution says:

… the Senate shall have equal power with the House of Representatives in respect of all proposed laws.

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New costings show company tax cut even more expensive: Greens

New costings from the independent Parliamentary Budget Office show the Budget would be $51b better off it the government’s big business tax cuts were blocked, suggesting the measure will cost more than the $48b estimated by the government, said Greens Treasury spokesperson, Adam Bandt.

“This report delivers the death blow to any argument that big business tax cuts are affordable,” said Mr Bandt.

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