3 October 2025
Deloitte Access Economics has now determined its recommended regulated pricing model for Armaguard’s Cash-in-Transit services.
The final independent pricing mechanism report has been provided to Armaguard as well as the major banks and major retailers.
This is an important milestone in working to keep cash available around Australia, even while people are using less of it.
The model will now require authorisation by the ACCC which would support the continued financial viability of cash distribution across the country, especially in regional and remote areas.
All parties have worked together in good faith to achieve this milestone and will continue to work together to ensure the ongoing sustainability of Cash-in-Transit services.
Latest news
The ABA welcomes APRA’s proposals to make the internal ratings-based (IRB) accreditation process simpler and more transparent, giving mid-sized banks a competitive boost. ABA CEO Simon Birmingham said the changes would support competition and deliver better outcomes for customers. “This is a practical and sensible pro‑competition step from APRA,” Mr Birmingham said. “When fully implemented,… Read more »
E&OEInterview on Sky News with Cheng Lei Cheng Lei: Australian banks closed 155 branches over the last year, but the rate of closures has slowed. For the implications, let’s bring in Australian Banking Association Chief Executive and former Liberal Minister Simon Birmingham. Mr Birmingham, welcome to the show – great to talk to you in… Read more »
Australian banks welcome the Federal Government’s release of an updated Regulatory Initiatives Grid, helping to ensure there is more transparency and coordination when new financial rules are introduced. The ABA particularly welcomes new principles that streamline coordination between regulators, reducing duplication and regulatory burden across the industry. ABA CEO Simon Birmingham said the Grid was… Read more »