As the Australian government plans to slash excessive charges, Australians can expect a saving where it matters — at the local pub.

Prime Minister Malcolm Turnbull announced on Tuesday support changes to the country’s financial markets after a review into financial systems. This will see a crackdown on businesses with expensive surcharges for credit purchases

The review recommended businesses should only pass on the expense cost of processing credit card purchases to customers, which is around 0.8 percent for Visa and Mastercard transactions according to a Reserve Bank of Australia report from 2012 Read more…

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5 ways Australians can save cash after surcharge fees are slashed