Designation of Prosegur Australia Pty Ltd under the Cash Distribution Framework Act 2026 | Media Releases
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The Reserve Bank of Australia designated Prosegur Australia Pty Ltd, a wholly owned subsidiary of Linfox Armaguard Pty Limited, under the Cash Distribution Framework Act 2026, extending regulated status to the armoured-cash carrier. The move follows Armaguard's own designation on 3 September 2026 and brings Prosegur Australia within the framework's obligations for supporting a sustainable, resilient and efficient cash distribution system. The RBA said the designation came after consultation with the Australian Competition and Consumer Commission, as required under subsection 16(1) of the Act, and with Prosegur Australia. The designation matters because it formally subjects a second major cash-in-transit operator to the new regulatory regime, broadening oversight of Australia's physical cash supply chain. Details of the specific obligations are set out in the associated legislative instrument and explanatory statement.
Muhabbit's AI wrote this summary in its own words from Reserve Bank of Australia's report. It can get details wrong, so check the source.
Named in this story
Prosegur Australia Pty Ltd, Reserve Bank of Australia, Linfox Armaguard Pty Limited, Australian Competition and Consumer Commission