Skip to main content
Financial Assistance Hub

Banks welcome progress to establish regulatory framework for cash distribution

Banks welcome progress to establish regulatory framework for cash distribution

22 April 2026

The ABA welcomes the release today of Treasury’s exposure draft legislation to regulate Australia’s cash-in-transit sector.

ABA CEO Simon Birmingham said this regulatory framework was an essential piece in the puzzle of ensuring cash remains available to Australians who still use it.

“This is a welcome step and will be an important safety net in shoring up the ongoing distribution and availability of cash across the economy,” ABA CEO Simon Birmingham said.

“Banks and retailers have played a critical role in ensuring the short-term viability of the cash-in-transit sector having injected over $100 million of emergency funding above their normal payments into Armaguard to keep cash moving around the country.

“Australia’s banks are committed to providing Australians with choice in banking and payments, which is why they continue to invest in the availability and transportation of cash alongside safe, modern and real-time digital banking options.

“Industry continues to work with Armaguard on the timely establishment of an independent pricing mechanism, however ongoing uncertainty in the future cash environment highlights the importance of having a regulatory safeguard.

“The industry will engage closely and constructively with Government, Treasury and the regulators to progress this important legislative safety net.”

Latest news

1 / 3
Transcript
ABA CEO Simon Birmingham interview on Fear + Greed Podcast with Sean Aylmer
8 July 2026

E&OEPodcastFear + Greed8 July 2026. Topics: Household ownership of banks; Banking as critical infrastructure Sean Aylmer: Welcome to Fear and Greed Q&A, where we ask and answer questions about business, investing, economics, politics and more. I’m Sean Aylmer. We talk plenty about the banks on this podcast. After all, the big four and Macquarie are… Read more »

Read more
Media Releases
APRA capital reforms a potential boost to the economy
29 June 2026

The ABA welcomes today’s consultation paper from APRA on proposed changes to bank credit risk capital settings, which have the potential to support more lending and lift productivity. ABA CEO Simon Birmingham said the consultation was a welcome step towards a more efficient capital framework while still retaining the underlying strength and stability of Australia’s… Read more »

Read more
Transcript
ABA CEO Simon Birmingham transcript of interview on Sky News with Ross Greenwood
21 June 2026

E&OETV InterviewSky News Business Weekend with Ross Greenwood21 June 2026 Topics: Economic contribution of banks Ross Greenwood: Well Australia’s banks, love them or loathe them, they are a necessity. We need them strong to provide the security for lenders and depositors. We need them well-regulated to keep them from again putting profit ahead of their… Read more »

Read more