14 July 2025
Major banks and major retailers have reached an agreement with Armaguard to extend their financial contribution for a further six months.
This will see Armaguard receive an extension of $25.5 million from July to December. This is in addition to the approximately $50 million already provided over the last twelve months to support cash distribution across the country.
This funding extension will allow work to continue on the development of an independent pricing mechanism to support a sustainable Cash-in-Transit business in the longer term.
All parties remain committed to working to achieve a sustainable and more efficient Cash-in-Transit business into the future.
The funding parties include ANZ, Australia Post, Coles, Commonwealth Bank of Australia, National Australia Bank, Wesfarmers, Westpac and Woolworths Group.
Latest news
E&OERadio InterviewABC Melbourne5 February 2026. Topics: Interest rates; Customers ahead on mortgage repayments Ali Moore (Host): I want to look next, though, at the interest rate increase. The argument is that, yes, it’s a blunt instrument, but it is the only instrument the Reserve Bank has. And right now, they say that inflation that prices… Read more »
E&OERadio InterviewABC Brisbane3 February 2026 Topics: RBA interest rate decision; Access to credit cards; Armaguard and cash usage Steve Austin (Host): Well, why is it near impossible to obtain a credit card when you’re over 60? My guest is the new Chief Executive for the Australian Banking Association, Simon Birmingham. Former federal liberal politician, Simon… Read more »
The ABA congratulates Sarah Court on her appointment as the new Chair of the Australian Securities and Investments Commission (ASIC). ABA CEO Simon Birmingham described this as a significant appointment and a landmark moment for Ms Court and Australia’s corporate regulator. “Sarah is an experienced regulator, having held numerous senior legal and regulatory enforcement positions… Read more »