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Armaguard, Australian banks lodge new cash-industry cooperation application

( October 18, 2024, 04:18 GMT | Official Statement) -- MLex Summary: A coalition of Australian banks has renewed its application to negotiate with cash-industry businesses over a long term financial model for the sector. In an authorization application published today, the Australian Banking Association asked the Australian Competition & Consumer Commission to consolidate two preexisting cooperation requests into one new application, which would authorize conduct until Dec. 31, 2025. The new application is the same in all material aspects as the conduct authorized in the previous applications, the banks said.The full statement from the Australian Competition & Consumer Commission follows; the banks' authorization application is attached, along with its guidance for submissions and the ABA's application for revocation. ...

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