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Australia proposes new rules to regulate cash distribution sector

( April 23, 2026, 03:47 GMT | Official Statement) -- MLex Summary: The Australian government is proposing a regulatory framework to ensure the cash distribution system continues to operate in the public interest. In a statement on Wednesday, Australian Treasurer Jim Chalmers said the government has released draft legislation to regulate the cash distribution sector. He added that the framework, informed by recommendations from the Council of Financial Regulators and the Australian Competition & Consumer Commission, is designed to support access to cash nationwide, promote fair and transparent commercial arrangements. The government is seeking feedback on the draft legislation until May 13.Statement follows. Draft legislation and explanatory statement are attached....

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