Description of Conduct

On 30 November 2023, ABA applied to the ACCC seeking authorisation to enable itself, 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 followed 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 was originally sought until 30 June 2024. However, the ABA requested to vary the application to extend the term of authorisation until 31 October 2024 due to the complexity of the issues facing the cash-in-transit industry.

On 6 December 2023, the ACCC granted interim authorisation with reporting and transparency conditions until 31 October 2021.

On 20 March 2024, the ACCC issued a draft determination proposing to grant authorisation with the same conditions as interim authorisation.

On 23 May 2024, the ABA made two small variations to its application for authorisation dated 30 November 2024 to:

  • make clear that COBA, its members and other organisations who use cash in their operations are intended to be covered by the authorisation.
  • reflect that the ABA does not object to its existing reporting obligations being amended so that regular reports are also required to address at a high level whether the ABA has received any third-party requests for participation and whether those third parties have participated in discussions (although it may be appropriate for aspects of this reporting to be kept confidential).

On 27 May 2024, the ACCC issued a final determination granting authorisation with conditions, until 31 October 2024.

A copy of the ACCC’s final determination is available below.



Authorisation number(s)

  • AA1000654-1