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Speaker 1: Bill seeking to remove Good Friday and Easter Sundays restricted

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Speaker 1: trading days has been voted down. Politicians voted against at

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Speaker 1: seventy four to forty nine and a conscience vote. Carolyn

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Speaker 1: Young Retailing Z Good Evening, Go TOV on the show, Carolyn.

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Speaker 2: Callen, nice to be here.

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Speaker 1: You're disappointed with that.

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Speaker 2: We are really because you know, it's a good opportunity.

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Speaker 2: It was a good opportunity for the trading shop trading

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Speaker 2: hours to be aligned with other places around the world.

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Speaker 2: And with online trading, you can buy anything. People will

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Speaker 2: be online on Christmas Day, purchasing, making purchases ahead of

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Speaker 2: Boxing Day, stores on the on Boxing Day, and there's

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Speaker 2: nothing to stop someone trading online. So why would not

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Speaker 2: be sensible for someone for a store to be able

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Speaker 2: to be open should they want to be open on

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Speaker 2: Easter Friday or the Friday for Sunday.

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Speaker 1: Well, I think it's the staff. It's the staff, isn't it.

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Speaker 1: It's giving everybody a day off together as one. I mean,

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Speaker 1: sure people can shop online, but you don't have to

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Speaker 1: manage physical store.

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Speaker 2: Well, I think the thing about that is that that

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Speaker 2: we're not all the same, and so the fact that

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Speaker 2: people think that everybody wants to have the day off

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Speaker 2: with their family on that day. Some people might rather

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Speaker 2: work and get the penal rates and then be able

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Speaker 2: to take the day and lose that they get as

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Speaker 2: an alternate public holiday that they could go to their

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Speaker 2: son or daughter's school sports day or see their play

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Speaker 2: or something like that which they couldn't do any other time.

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Speaker 2: Fair enough, Sometimes that can give you greater flexibility some options.

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Speaker 1: Are you giving up on this now? Is as dead

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Speaker 1: in the water?

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Speaker 2: Look, I think it'll come background again. It pops us

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Speaker 2: here up every time. We'll be looking to make it

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Speaker 2: just like.

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Speaker 1: Just likeas it'll be back next year. Hey, let's talk

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Speaker 1: about this this ComCom thing. So the comments question has

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Speaker 1: come out that got a draft proposal for reducing Visa

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Speaker 1: and master Card payment fees that we pay, which the

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Speaker 1: well the retailers pay and then we pay. And now

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Speaker 1: MasterCard has released a statement suggesting that some retailers pass

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Speaker 1: on more fees than they are actually charged do they.

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Speaker 2: Look, it's a complicated space. What we can say and

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Speaker 2: somewhat I guess is a short answer. But the long

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Speaker 2: answer is that the merchant service fee, which is a

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Speaker 2: total fee that retailers pay. Retailers and hospitality businesses pay

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Speaker 2: to accept transactions via those rails. There's up to six

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Speaker 2: providers in there that are all taking a piece of

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Speaker 2: the pie. For a retailer, it's a really complex space

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Speaker 2: to really understand what your total fees are. So there's

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Speaker 2: a couple of problems. One is that when you pay

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Speaker 2: on the terminal, you go there and you pay a

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Speaker 2: lot of people think about it as being the f

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Speaker 2: pos terminal, but it's a terminal. Those terminals don't have

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Speaker 2: the ability to put differential fees on them, so you should.

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Speaker 2: What we want the terminal providers, and what we wrote

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Speaker 2: to the Comics Commission about was actually that the terminal

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Speaker 2: foot providers need to be able to pay differential fees

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Speaker 2: for a debit transaction or a credit transaction. That would

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Speaker 2: go some way to alleviating that, I think also simplifying

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Speaker 2: the system so that everybody understands what the total fees are.

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Speaker 2: The draft that's come back to the Commerce Commission goes

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Speaker 2: some way to some of the things that we're looking for,

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Speaker 2: which is lower fees. But actually we our submission was

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Speaker 2: ready about we think that if the Commerce Commission wants

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Speaker 2: the fees to be at one percential lower, which is

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Speaker 2: what they stated in their draft documentation for consultation. They

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Speaker 2: should regulate the total fee because we know that interchange

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Speaker 2: is only one part of the pace.

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Speaker 1: So they haven't done. Yeah, they haven't done. In short,

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Speaker 1: can you give me just a really short yearse or no? Here,

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Speaker 1: after this draft proposal has been released, our consumer is

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Speaker 1: going to get cheaper fees at the terminal.

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Speaker 2: Well, retailers will eventually get cheaper fees and consumers will

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Speaker 2: as well because the COMMICS Commission will be regulate the.

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Speaker 1: Longer judge so long as they're passed on. Carolyn, that's

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Speaker 1: the key, Carolyn Young, retail in Z sixteen after five.

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