Afternoon Update: debit and credit card surcharges scrapped; younger workers to be paid more; and the worst of reality TV

Banks and some companies have argued surcharging is necessary to cover the complex costs of the payments system. Photograph: Dan Peled/AAP

Good afternoon.

The surcharge added to the total when a debit or credit card is used for payment will be gone by October under Reserve Bank reforms, with big banks likely to foot the bill for the cost-of-living measures.