Adelaide Miller

This is an ABC podcast.

And I'm ABC's national business reporter Adelaide Miller.

It's unbelievable.

Every time I open the markets, it's something different.

The NASDAQ was correcting itself at the end of last week and now it finished the day really high.

I mean, you obviously were living over there for so long.

Had you ever seen anything like this before?

It's a marathon, not a sprint, that's for sure.

It was a big day yesterday.

We were in the lockup.

Actually, there were so many of us there.

We were sort of split across two rooms.

We had media in one room and then stakeholders in another room and...

There were a lot of colourful people either very happy or quite frustrated with the announcement yesterday because obviously there are a lot of people, a lot of businesses that are affected by these changes.

Yeah, the announcement yesterday, essentially, that surcharges are going to be banned from October this year was essentially 18 months in the making.

The RBA was consulting with so many payment stakeholders.

I think they had something like 250 or 60 written submissions over that 18-month period.

There was 150, more or less, meetings that took place.

There's a lot of people that have a lot to say about

card surcharges.