Moves to ban card surcharges, junior wages | ABC News Top Stories

US President Donald Trump has threatened to obliterate Iran's energy facilities, if a deal to end the war isn't reached soon.

In a social media post, he says 'great progress' has been made in talks but warns he'll ramp up America's offensive if Iran doesn't allow key oil supply route the Strait of Hormuz to open.

The US president says if his demands aren't met, he'll conclude what he's called America's 'lovely stay in Iran' by blowing up the country's power plants, oil wells, and the oil export hub of Kharg Island.

Iran maintains it's not in negotiations with Washington and is not backing down in the Strait.

The Reserve Bank's banning surcharges on debit and credit cards.

The surcharge is an extra fee paid on an item, which businesses often add to cover the cost of taking card payments.

After 18 months of consultation, the RBA will remove surcharges on card networks like Mastercard and Visa from October.

Card networks will also have to make their fees public so businesses can check if they're being charged too much for transactions.

The RBA says the move will save consumers and businesses about $1.8 billion a year, but some experts warn the cost of items could go up as businesses wrap transaction fees into their prices.

The Fair Work Commission is ditching junior pay rates.

Junior wage discounts mean 18-year-olds are paid 70 per cent of the award rate, 80 per cent for 19-year-olds and 90 per cent for 20-year-olds.

The commission's ruled that should no longer be the case in the retail, fast food and pharmacy sectors, but lower rates will remain for younger workers.

There will be a phase-in period of up to four years with the first wage adjustments set to begin in December.

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