Labor promises fairer fees for money transfers

Every year Australians send billions of dollars overseas to family and friends. This might be taxi drivers working an extra shift to help out somebody who’s fallen on hard times back home. It could be someone who’s working a bit extra in a pharmacy in order to help put a nephew through school. Right now the pricing of remittances is bamboozling. It’s too confusing and it means you get an incredible spread of prices. Australians pay more for remittances than do people in the United States or in Korea. Just to give you some sense of the size of...

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