Australian banks request extension of talks to support cash-delivery company
By James Panichi ( April 17, 2025, 07:42 GMT | Insight) -- Banks in Australia have requested a dramatic extension of an antitrust-law exemption allowing them to discuss ways to support Linfox Armaguard, the monopoly provider of cash distribution services. In a submission published this week, the Australian Banking Association asked the competition watchdog to extend an authorization that had been due to expire at the end of 2025. The new application suggests banks and supermarkets would now focus on ongoing support for what Armaguard claims is a loss-making service.A group of Australia’s largest banks and supermarkets, together with the country’s postal service, has asked for a dramatic extension of an antitrust-law exemption that allows them to discuss ways to support Linfox Armaguard, the monopoly provider of cash distribution to businesses and ATMs....
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