The banks' $3 billion "loyalty tax" was neither illegal nor unusual and consumers have only themselves to blame for being ripped off, say economists and lawyers.
Reserve Bank board member Ian Harper said the banks' $3 billion "loyalty tax" was neither illegal nor unusual, as economists and competition experts said customers only have themselves to blame for being ripped off.
Ian Harper says price discrimination is neither illegal or wrong. Josh Robenstone
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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
