Australian Parliament: House of Representatives · Question Time | 28 October 2026
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introduced the fuel security services payment to support refineries and provide payments when prices are low
“Payment services provider takes your money for a credit card and behind the scenes, they convert it into something called cycles… providers can turn those cycles back into cash because there's a market for them.”
“In the US… 23 markets where price-to-income is five and above, five markets nine and above… it would now take people around seven years to save for a down payment… over 30 years in some California areas.”
“When the price of a product or service exceeds $1,000, 63 percent of consumers typically want a more intimate relationship with the vendor”
“I figured out what are the teams… that are likely to have the biggest security impact… billing and payments and edge… then apply my time.”
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