Adelaide Miller

Also, the RBA said $910 million saved in interchange fees.

But the ABA is saying, well,

It's looking like the big winner here is actually the payment platforms like FPOS, Visa and MasterCard, who will sort of reap the benefits of these fees.

It was a question that came up quite a bit in the lockup yesterday because some people within the industry have said up until now there's sort of been this cross-subsidization of, you know, the young person basically making it easier for these frequent flyer

cards to be used because they're paying these fees.

So it's still a little bit unclear.

When the questions were asked in the lockup yesterday, the RBA said it shouldn't really have an impact on frequent flyer

points, but I'm still sort of unsure what that's going to look like at this stage.

Well, yeah, it's interesting because if we now start to see a more even playing field, you do wonder what is that going to mean for people who have

these platinum frequent flyer cards?

Are they still going to reap the same benefits if there's some of these surcharges and fees that are coming down or removed?

I'm curious to see if the benefits will be the same for these individuals who have enjoyed them for a long time.

Oh, yeah.

And you could make the same argument as well for small businesses subsidising the interchange fees for Coles, Woolworths, Myer.

You know, it's not fair.

And I think there'll be a lot of people who think, yeah, I don't want to subsidise old mate going and flying first class.

No, they can figure it out themselves.

As I sort of alluded to before, small businesses are having a really rough time at the moment.

They just don't have the margins to sort of deal or have the resilience, I guess, to bounce back when we see this war take place and they're affected by energy, they're affected by petrol prices.

Yesterday, obviously, the surcharging.