ATM and EFTPOS Fees - (Question No. 587)
Senator Siewert asked the Minister representing the Minister for Families, Housing, Community Services and Indigenous Affairs, upon notice, on 8 April 2011:
With reference to the answer to question on notice no. 361 (Senate Hansard, 1 March 2011, p.872) about how much Outback Stores made from ATM and EFTPOS transactions, which stated 'the stores currently do not make any money from EFTPOS transactions', but did not clarify the situation with ATMs:
(1) Do any Outback Stores make money from ATMs in their stores.
(2) Do Outback Stores intend to change their current approach to EFTPOS and ATMs in the future.
Senator Arbib: The Minister representing the Minister for Families, Housing, Community Services and Indigenous Affairs has provided the following answer to the honourable senator's question:
(1) Outback Stores negotiates with ATM providers on behalf of the owners of the stores it manages. ATM providers commonly offer rebates to store owners when the number of transactions exceeds a previously agreed level. In negotiating with ATM providers, Outback Stores aims to replace such rebates to stores with lower transaction fees for customers. The change from rebates will continue over time as old contracts are renegotiated. Where rebates continue they are paid to the owners of the store and Outback Stores derive no financial benefit from them.
(2) Outback Stores has no intention of changing its current approach to EFTPOS and ATMs in the future.