The Australian Competition and Consumer Commission has issued a draft determination proposing to authorise the Australian Banking Association and other industry participants to coordinate actions aimed at ensuring the continued distribution of cash across Australia, including contingency steps to maintain cash-in-transit services if Armaguard’s services are suspended or disrupted. Any other measures beyond those proposed would require a separate authorisation application if needed. The proposed authorisation is subject to three conditions, including a requirement for the Australian Banking Association to develop initiatives to protect access to cash in remote areas. The draft determination explicitly excludes the development or implementation of any pricing mechanisms between Armaguard and its major customers, with information on pricing issues to be provided if and when a separate authorisation application is received. Submissions on the draft determination are due by 14 November 2025.
Australian Competition and Consumer Commission 2025-10-24
Australian Competition and Consumer Commission issues draft determination to authorise ABA-led collaboration to maintain nationwide cash distribution
The Australian Competition and Consumer Commission has issued a draft determination proposing to authorise the Australian Banking Association and others to coordinate actions to ensure cash distribution across Australia, with conditions including initiatives to protect access in remote areas. The draft excludes pricing mechanisms between Armaguard and major customers, with submissions due by 14 November 2025.