Lee MelissaMELISSA LEE (National): Thank you Madam Speaker. It was really interesting listening to members who have spoken earlier and I completely agree with Damien Smith when he spoke about the passion that our colleague Andrew Bayly speaks with when he's in the Chamber. I have no idea what vitamins he takes but I love his passion when he's in the Chamber and he spoke with great knowledge and as always with high energy. I just want to take a moment to reflect on the comment that Ingrid Leary the member who's just sat down said in terms of how this bill returns benefits to the consumers. I am actually not quite sure if this bill returns money to the consumers' pockets. I would like to ask the Minister—and I'm sure that during the committee stage of this bill the Minister may be able to answer—if in fact this bill will provide benefits to consumers as his colleague Ingrid Leary said because the overseas experience in Australia and Europe tells us that consumers receive no benefit and tend to lose out on the interchange regulations. However I just want to say that on this side we actually supported this bill and we will continue to support it bar something going tragically wrong during the committee stage. As earlier speakers have mentioned many people in this country pay merchant service fees that are often charged out by the issuing banks that provide credit cards and EFTPOS cards. But as I think it was the Hon Judith Collins who talked about her experience said earlier during COVID there were many businesses and retailers who did not take cash. I don't know whether it was fear of the COVID virus but I know that some retailers who did in fact take some cash would actually sanitise it. They would use disinfectants and all that kind of stuff. So retailers preferred getting credit card payments or EFTPOS payments because of COVID and often there wasn't the insert or swipe option on these cards but the contactless version of the transaction. The merchant service fees for the contactless portion is the interchange portion between the bank that charges it and the fee that they have to pay to Mastercard and Visa. That is the interchange fee and that is in fact like 80 percent of the charge and it is the highest portion of the merchant service fee. Hence this bill sets a limit on how much it is. There is a cap on how much the interchange fees will be. Having seen the speeches earlier in my office initially and having listened to Andrew Bayly I have to say that I agree with him when he says that this Government gives with one hand and takes away with the other. This Government talks about how $74 million in apparent savings is humongous considering the fact that they've just slapped on $3 billion of cost to retailers and small businesses. So when we're comparing $3 billion and $74 million I'm not so sure which is actually the greater benefit. I'm sure that the $3 billion cost is going to be something that a lot of retailers and small businesses will be very very upset about but any little bit that can help retailers pay less in the transaction fee that is charged on to customers and consumers I am here to support. So I commend this bill to the House.