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Banks can continue Armaguard cash-delivery support, Australian regulator says

( June 25, 2025, 01:43 GMT | Official Statement) -- MLex Summary: Australia’s banks will be allowed to work together to support the country’s cash-delivery monopolists, with the competition regulator saying that the agreement delivers a “significant public benefit.” In a statement announcing its final decision, the Australian Competition & Consumer Commission said the Australian Banking Association and leading supermarkets would be able to negotiate to provide Linfox Armaguard with financial support; the banks will also be able to discuss, agree and implement operational sustainability and efficiency measures across the services provided by Armaguard’s cash-in-transit business to those banks and retailers. The authorization has been granted until June 2026.The ACCC determination is attached and the accompanying statement follows: ...

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