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Regulators ready to regulate, as Australia grapples with cash-distribution monopoly

By James Panichi ( July 22, 2025, 07:34 GMT | Comment) -- A discussion paper release by Australian financial and competition regulators has outlined the most likely solution to the problem of how best to manage the country’s distribution of cash with only one commercial operator in the market. The document suggests regulation may yet stave off a government takeover of the cash-in-transit sector; yet it also outlines the considerable challenge of keeping the banknotes flowing in the face of a sector where competition has collapsed.On paper, the government’s proposed new rules on the use of cash in Australia was common-sense policy. With the Covid-19 pandemic accelerating the move toward contactless payments, Canberra wanted to reassure those who still used cash — including the elderly and politically influential voters from rural areas — that they wouldn’t be left high and dry....

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