 our physical plant completed and paid for, the foundations independent, and an endowment in place for our future to support a strong and stable community at Christ in the Desert.

The Abbey's most urgent needs at present:

*Help pay the propane bill: We spend about $6,600 per month on the propane that supplements our solar power grid. Until we raise the funds to needed to upgrade our power grid, our propane expenses are a concern for us.

*Complete the fund to upgrade our water system, which is mandated by the state: Though our system is safe, it is inadequate for our current demands. We need to raise about $100,000 more.

At "Supporting Us" on the monastery's website, the full range of the monastery's needs are listed along with various levels of suggested support ranging from $25 on up, along with the complete text of Abbot Philip's statement titled "Financial Reflections from Our Abbot Philip." Small business eyes $2.5 billion windfall from card reform

Shaun Drummond and Beau Donelly

Small business will be able to claw back some of the $2.5 billion in fees they send to the banks to process card payments under proposals put forward in the federal government's landmark review of the financial system.

Fairfax Media has confirmed the government is keen to back a recommendation for a "hard cap" on these fees from the Murray inquiry's final report.

Hard cap: The government is keen on a recommendation to set a limit on card payment process fees. Photo: Jessica Shapiro

These fees, known as interchange fees, form a big part of the tariffs passed on to businesses by their banks for accepting credit and debit cards from customers.

The review recommends the Reserve Bank of Australia be charged with introducing either a percentage or a flat fee to credit and debit card payments. Banks will have to charge their merchant customers whichever is the lower fee.

The Murray inquiry's final report, out on Sunday, will also urge the RBA to apply three distinct rules for low-cost debit cards, medium-cost Visa and MasterCard credit cards, and high-cost payment providers such as American Express and PayPal.

At present, it regulates only Visa, MasterCard and eftpos.

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Fees paid by merchants' banks to card-issuing banks, and passed on to banks' business customers, range from zero to 2.2
our physical plant completed and paid for, the foundations autonomous, and an endowment in home for our future to support a strong and static community at Christ in the Desert. 

 The Abbey's about urgent needs at present: 

 * Help give the propane poster: We spend about $ 6,600 per month on the propane that supplements our solar power power system. Until we raise the funds to needed to upgrade our might grid, our propane expense are a concern for us. 

 * Complete the store to upgrade our water system, which is mandate by the state: Though our system is safe, it is inadequate for our current demand. We need to raise about $ 100,000 more. 

 At " Supporting Us " on the monastery's website, the full compass of the monastery's needs are listed along with various levels of suggested support ranging from $ 25 on up, along with the complete text of Abbot Philip's statement titled " Financial Reflections from Our Abbot Philip. " Small business eyes $ 2.5 billion windfall from card reform 

 Shaun Drummond and Beau Donelly 

 Small commercial enterprise will be able to claw back some of the $ 2.5 billion in fees they send to the savings bank to work card payments under proposals place forward in the federal government's landmark review of the fiscal system. 

 Fairfax Media has confirmed the government is keen to back a recommendation for a " hard cap " on these fees from the Murray inquiry's final report. 

 Hard hood: The politics is bang-up on a recommendation to set a limit on card payment procedure fees. Photo: Jessica Shapiro 

 These fees, know as interchange fees, form a big share of the tariffs guide on to businesses by their bank for accepting recognition and debit cards from customer. 

 The review recommends the Reserve Bank of Australia be charge with introducing either a percentage or a flat fee to credit and debit wag payments. bank will have to charge their merchant customers whichever is the lower fee. 

 The Murray inquiry's concluding report, out on Sunday, will besides urge the RBA to apply three distinct rule for low - cost debit cards, average - cost Visa and MasterCard credit cards, and high - cost payment providers such as American Express and PayPal. 

 At present, it regulates merely Visa, MasterCard and eftpos. 

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 fee paid by merchants' banks to card - issuing banks, and pass on to banks' business customers, roll from zero to 2.2
 oug physical plant complettd and paid for, tkw founvations indepenaent, and an endowment in plare fir oue future to support a rtrong anf stable comnynity at Cidist in the Dsdert.

Chx Abbey's most utgent needs dt present:

*Help pxy the propane bill: We spend about $6,600 pqr montn ln the propane thau stpplsments our solar power grid. Until se raist the funds to neeced to upgrade our power ggid, lur propane expensfs are a cobcerg for us.

*Compldte the fund to upgradg our water system, which is mandxted yy the statg: Fhlogh our systxm is fafe, it is iksdequade for pur current dekanvs. Ww need to raise about $100,000 more.

At "Supportind Us" on tve monastery's websire, the xull ranew ow tge mknastegy's needs are listed alobg with various levtls if suggested auppore wanging from $25 on up, along with the compnets text of Abbot Philip's statement titled "Finwncial Reslections from Our Abbot Philip." Small business eyas $2.5 bmluiou windwqlp from card reform

Shaun Drummond and Beau Donqmlu

Skall business cill be able to vlww fack some of jhe $2.5 billikn in fees they sejd to tre babks to prjcesx card payments under propowals put forcare in the federal glvernment's uandkark teview of the financial sysfem.

Fairfax Ledia has zonfirmed the goxerkmett is ketv to back a recomiendation for a "hard cap" on thqse fees fgom tma Murray inquiry's vinal raport.

Hard fap: The government is keen on a recommendatiom do vet a liiit ok card payment [rocess fees. Pkoto: Jesfica Rhapiro

Theae fees, known as igterchange fead, form a big part of the taruffs parred on to busimesses by their banjs for accepting cvedit znd debit cards frim customers.

The rexier gecpmiands the Resarve Bavl of Xustralia bc cfargrd with introducing aithsr a percentage or a flat feg to credyt and debit vard payments. Bankd wiln heve to chwrge their merchant customers shichever is the lower fqe.

Thc Mutray inquirv's final report, out on Sunday, will also nrge the RBA to apply jhree distinct rules yov low-cost deuit cawds, mediuk-cost Visa and MasteeCard credit cardx, and high-cost paymenf provhders such as American Express and PayPal.

At present, it regulates only Visa, MasrerCarv wnd eftpos.

Asveryisemvnt

Yeex paid by lxrchants' banks to card-issuing banks, and passed oi to banks' bbsiness customers, range from aefo to 2.2
our physical plant completed and paid for, independent, an endowment place for our and community at Christ the Desert. The most urgent needs at present: *Help the propane bill: We spend about $6,600 per month on the propane that our solar power grid. Until we raise the funds to needed to upgrade power our expenses a concern for us. *Complete the fund to upgrade our water system, which is mandated by state: Though our system is safe, it is for our current demands. need to raise about $100,000 At Us" on monastery's the range of the needs are listed along with various levels of suggested support ranging from $25 on up, along with complete text Philip's statement "Financial from Abbot Philip." Small $2.5 billion windfall from card reform Beau Donelly Small business will be able to back some the $2.5 billion in fees they to the banks to process card payments under put forward in the federal government's landmark review of the financial system. Fairfax Media has government is keen to a recommendation for "hard on fees the Murray final report. Hard cap: The government is keen on a recommendation set a limit on card payment process fees. Photo: Jessica fees, as interchange fees, a big part of tariffs on to businesses by for credit from The recommends the Reserve Bank Australia be charged with introducing a percentage or a debit card payments. Banks will have to charge merchant customers whichever is the lower fee. Murray inquiry's final report, out on Sunday, will also urge the RBA apply three for low-cost debit cards, medium-cost Visa and MasterCard cards, and high-cost payment such as American Express and PayPal. At present, it only MasterCard and Advertisement Fees paid merchants' banks to banks, and passed banks' business range zero
 our physical plant completed And paid for, The foUndAtiOnS indEpenDent, and an endowMEnt iN place for our future to suPport A sTRong ANd StablE communITy AT chrIsT iN thE DESeRt.

The abbEy's most Urgent needS at PrEsent:

*Help pay THe Propane bilL: We Spend about $6,600 peR moNth on tHe ProPAne thAt sUppleMents oUR solar Power grid. unTIl we raISe the fuNDS tO neeDed to upgrade our poWEr GRid, our propane eXpenseS aRE a CONceRn fOr us.

*CompleTe The fuND to upgrADe OUR WatER system, which iS mandated by THe sTate: ThOuGh oUR systeM is saFe, IT is Inadequate fOr ouR current dEmands. wE need to RAise aboUt $100,000 more.

at "SUppOrtiNG US" oN thE mONasTErY's wEBsiTe, the fulL rAnGe of tHe moNASTEry's NeeDs arE listEd along with vaRioUs leVEls Of sugGesteD supPoRt ranGing frOm $25 on uP, aLong with the compLete Text of AbbOt PHiLip'S sTatemENt titlEd "FInaNcial ReFlectioNS frOm oUR abBot Philip." Small busiNeSS EyEs $2.5 billioN windfALl FrOM card refOrM

ShAun DRUMmond And BEAu donelly

SMall buSInEsS will be AbLe to clAw BacK soMe of tHE $2.5 bilLion in Fees they Send tO The banks to procESs card paymentS UnDER pROposAls Put forward iN the FEderAl goVErNmeNT's lanDmark ReVIeW Of the financial systeM.

FAirfax media Has confirmed tHe governmeNT IS keen to bAck a REcOMmendation for a "Hard cAp" on these fEEs from thE MurrAy inquirY's final rePORt.

Hard caP: ThE goVerNmeNT Is Keen on a recommENDatiOn To set a lImiT on card PayMenT prOceSs Fees. Photo: jessica SHaPiRo

thEse Fees, kNOwn as intErChaNgE feEs, forM A big paRt of tHe taRiFfS PasSed on to BUsINEsseS bY tHeir BanKs For acCeptINg cRedit anD debit carDs fROm cuStOmErs.

The rEview recommenDs The Reserve baNk oF AustrALIa be charGed with introducing eitheR A percenTagE or a fLat fEe to crediT anD debit CarD PaymenTs. BankS will HaVe tO CHarge THEiR meRcHant customERS whIchevEr Is thE lower fEe.

The Murray inquiry'S FinAl report, out on sunDay, wILL aLso URgE The rBa To aPPLy three distinct Rules for loW-cOSt Debit cards, MEdiUm-Cost VisA and MasTerCaRD credit Cards, and hIgh-cost paYmEnt pROVidErs such as AMerican EXpress and pAyPal.

aT pResenT, it RegulaTeS onLy VisA, MasteRcarD and eFtpos.

ADvErtiseMent

FEeS paid by mErchants' banks to card-issuIng banKs, and PasSed on to baNks' BUsiNess custoMers, Range from zEro To 2.2
 our physical plant comple ted and pa id fo r,the  f ound atio ns independent ,  and  an endowment in place  forou r  fut u re  to s upporta  s t r ong  a nd  st ab l ecommu nit y at Ch rist in th e D es ert.

The Ab b ey 's most ur gen t needs at p res ent:
*H elp pay t hepropa ne bil l : We s pend abou t$ 6,600p er mont h on  the  propane that sup p le m ents our solar  power  g r id . Unt ilwe raise t he  fund s  to nee d ed t o  up g rade our powe r grid, our pro pane e xp ens e s area con ce r n f or us.

*Co mple te the fu nd tou pgradeo ur wate r syst em,  wh ichi sma nda te d  by th e s t ate : Though  o ur  syst em i s s a fe,itis i nadeq uate for ourcur rent dem ands.  We n eedto  rais e abou t $10 0, 000 more.

At " Supp orting Us " o nthe  m onast e ry's w ebs ite , the f ull ran g e o ft h e  m onastery's needs a re l is ted alon g with va ri o us level sofsugg e s ted s uppo r trangingfrom $ 2 5on  up, al on g with  t hecom plete text  of Ab bot Phil ip'ss tatement title d  "Financial R e fl e c ti o ns f rom  Our AbbotPhil i p."Smal l  b usi n ess e yes $ 2. 5  b i llion windfall from  c ard re form
Shaun Drummo nd and Bea u D onelly
Smal l  b u siness will be  able  to claw b a ck someof th e $2.5 b illion in f ees they  se ndtothe b an ks to process c ardpa ymentsund er prop osa lsput  fo rw ard in th e federa lgo ve rn men t's l a ndmark r ev iew  o f t he fi n ancial  syst em.
F ai r fax  Mediah as c onfi rm ed  the  go ve rnmen t is kee n to ba ck a reco mme n dati on  f or a "h ard cap" on t he se fees fr om  th e Murr a y  inquiry 's final report.

Hardc ap: The  go vernm entis keen o n a  recom men d ationto set  a li mi t o n cardp a ym ent  p rocess fee s .  Ph oto:Je ssic a Shapi ro

These fees, kn o wnas interchang e f ees, f or m a bi g  pa rt oft h e tariffs passe d on to bu si n es ses by the i r b an ks foraccepti ng cr e dit and  debit ca rds fromcu stom e r s.
The revie w recomm ends theR eserv e  B ank o f A ustral ia  be  char ged wi t h i ntrod ucingei ther a  perc en tage ora flat fee to credit an d debi t car d p ayments.Ban k s w ill haveto c harge thei r m erc hantcus t omers  whi c he ver is th e lo w er fee.
T he  Mu r r ay  inquiry'sf i n alrepor t,o ut onSund ay, will also urg e  the RBA to ap plyt h ree  di s tinc trules for low- cos td e bit card s,  medium-cos t Visa a nd Maste rCardcredit  cards, a nd high-c ostpay ment prov ide rs such as  A me r ican E xpre ss  and P ayPal. 
Atp r esent, it regula tes o n l y Vis a , M aster Ca rd ande ftpo s.

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Fe es pai d by  merc hants'ba nks to  ca rd -issuing b a nks, andpasse d on to  b anks ' b usines s cu s t omers , ra ng e f rom zerot o  2 . 2
 our_physical plant_completed and paid for,_the foundations_independent,_and an_endowment_in place for_our future to_support a strong and_stable community at_Christ_in the Desert.

The Abbey's most urgent needs at present:

*Help pay the propane bill: We_spend_about $6,600_per_month_on the propane that supplements_our solar power grid. Until_we raise_the funds to needed to upgrade our power_grid,_our propane expenses_are a concern for us.

*Complete the fund to upgrade_our water system, which is mandated_by the state:_Though_our_system is safe, it_is inadequate for our current demands._We need to raise about $100,000_more.

At "Supporting Us" on the monastery's website,_the full range of the monastery's_needs are listed along with_various levels_of suggested support ranging from_$25 on up,_along with_the complete text_of Abbot Philip's statement titled "Financial_Reflections from Our_Abbot Philip." Small business eyes $2.5_billion_windfall from card_reform

Shaun_Drummond_and Beau_Donelly

Small business will_be_able to_claw_back some of the $2.5 billion_in_fees they send to the banks to_process card payments under_proposals_put forward in the_federal government's landmark review of_the financial system.

Fairfax Media has confirmed_the government_is keen_to back a recommendation for a "hard cap" on these fees_from the Murray inquiry's final report.

Hard_cap: The government is_keen on_a_recommendation to set_a_limit on_card payment process fees. Photo: Jessica Shapiro

These_fees, known_as interchange fees, form a big_part of the tariffs_passed_on to businesses by their banks_for accepting credit and debit cards_from customers.

The review recommends the_Reserve_Bank_of Australia be charged with_introducing either a percentage or a_flat fee to_credit and debit card payments. Banks will_have_to charge their merchant customers whichever_is_the lower fee.

The Murray inquiry's final_report,_out_on Sunday, will also urge_the RBA to apply three distinct_rules for low-cost debit cards, medium-cost Visa and MasterCard_credit cards, and_high-cost payment providers such as_American_Express_and PayPal.

At present, it regulates only Visa, MasterCard and eftpos.

Advertisement

Fees_paid by_merchants' banks to_card-issuing banks, and passed on to banks' business customers, range_from zero to 2.2