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Nationalisation by stealth: Armaguard goes to war with Canberra over cash distribution bill

Technology Reporter
22 Jul, 2026
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Alex Zaharov-Reutt
Technology Reporter
22 Jul, 2026
Add us as a preferred source on Google
The Senate Economics Legislation Committee spent three hours today hearing why the company that moves 85% of Australia's cash thinks the government's rescue plan is an outrageous affront, why the union says the bill forgot about safety entirely, why regional businesses are very worried about extra fees and why Treasury can't say what any of it will cost.
Nationalisation by stealth: Armaguard goes to war with Canberra over cash distribution bill
Armaguard’s Bill Kelty and Peter Fox addressing the Senate Committee in Canberra yesterday.

The Senate Economics Legislation Committee spent three hours today hearing why the company that moves 85% of Australia's cash thinks the government's rescue plan is an outrageous affront, why the union says the bill forgot about safety entirely, why regional businesses are very worried about extra fees and why Treasury can't say what any of…

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