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Banks ask Australian antitrust regulator to extend cash-in-transit negotiations

( April 17, 2025, 02:33 GMT | Official Statement) -- MLex Summary: Australia’s banks have asked the country’s competition regulator to extend the authorization they had been granted to confer among themselves and with the country’s supermarkets to support wholesale cash distribution carried out by Linfox Armaguard. In an extension application filed with the Australian Competition & Consumer Commission, the Australian Banking Association said that the development of an independent pricing mechanism was ongoing and was unlikely to be completed by the deadline of June 30, 2025. The peak sector association has asked for an extension until Dec. 31, 2026.The ABA’s extension request to the Australian Competition & Consumer Commission is attached; the ACCC’s timeline follows:...

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