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Briefs: Qantas issues new surcharging rates, Firstmac appoints adviser, new SocietyOne and ME direct

11 July 2016 4:04PM
Qantas has announced new card payment surcharges that will apply from September 1, when the Reserve Bank's new surcharge standard takes effect. The airline currently charges A$2.50 per debit transaction and $7 per credit or charge card transaction on domestic and trans-Tasman bookings; and $10 per debit transaction and $30 per credit or charge transaction for international bookings. From September 1 the surcharge rate will be 0.6 per cent for debit and 1.3 per cent for credit or charge for all bookings, with a cap of $11 per ticket. Opponents of card payment surcharging had singled out Qantas as one of the worst for excessive surcharging. Mortgage lender Firstmac has appointed Goldman Sachs to help it find an investor or buyer, The Australian reports. The company has made it known for some weeks that it has outgrown the securitisation market as a source of funds and is looking for an equity partner to take it to the next stage of development. Firstmac chief financial officer James Austin told The Australan that one option was the sale of the whole business.. Media executive Brett Clegg has joined the board of marketplace lender SocietyOne as a non-executive director. Clegg is managing director of News Corp Australia's community publishing division. Previously he was chief executive and publisher of Fairfax Media's Financial Review Group. News Corp has a shareholding in SocietyOne. Lawyer Cheryl Bart has been appointed to the ME board. Bart started her career in the banking and finance practice at Mallesons Stephen Jacques before becoming a company director. She is a non-executive director at Football Federation Australia, SG Fleet, Audio Pixel Holdings and TedX Sydney.

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