Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A corporation must not, in trade or commerce, charge a payment surcharge that is excessive.
(2) A payment surcharge is excessive if:
(a) the surcharge is for a kind of payment covered by:
(i) a Reserve Bank standard; or
(ii) regulations made for the purposes of this subparagraph; and
(b) the amount of the surcharge exceeds the permitted surcharge referred to in the Reserve Bank standard or the regulations.
(3) Subsection (1) does not apply to a corporation who is
exempted from its operation by the regulations.