Description of Conduct

The ABA is seeking authorisation to enable the ABA, its member banks, and other industry participants who distribute and/or utilise cash in their businesses to discuss and develop arrangements to facilitate ongoing access to cash across the Australian economy.

The application for authorisation follows concerns expressed by the major supplier of cash-in-transit services in Australia, Armaguard, that the industry is not sustainable in its current form. Cash-in-transit services involve providing cash transport, management and processing services. These services are provided to banks, retailers and independent ATM operators.

Authorisation is sought until 30 June 2024.

This application relates only to discussions and reaching in-principle agreements about an industry response to support ongoing access to cash. The ABA has advised that before adopting and implementing an agreed industry response a separate ACCC authorisation for the proposed way forward would be sought if required.

The ABA also requested interim authorisation to enable industry participants to engage in the proposed conduct while the substantive application for authorisation is being assessed by the ACCC.

On 6 December 2023 the ACCC granted interim authorisation with conditions. The ACCC has granted interim authorisation with reporting and transparency conditions to ensure that the ACCC is informed of the progress of discussions, including consultation with stakeholders.

The ACCC invites the views of interested parties on this application. Submissions are requested by 19 January 2024.

If you wish to make a submission in relation to this matter, please lodge it via this web form.

An indicative timeline for the ACCC’s assessment is set out below.

Indicative date

Stage in assessment process

30 November 2023

Lodgement of application and supporting submission.

6 December 2023

ACCC decision regarding interim authorisation.

Public consultation process begins.

19 January 2024

Closing date for submissions from interested parties.

February – March 2024

Draft determination.

March – April 2024

Public consultation on draft determination including any conference if called.

April 2024

Final determination.



Authorisation number(s)

  • AA1000654-1