Linfox executive chairman Peter Fox says goodwill and trust has been restored between its subsidiary Armaguard and the country’s major banks and retailers, as they prepare to draft a blueprint assuring the long-term viability of cash distribution in Australia.

Armaguard and the Australian Banking Association said in a joint statement on Monday afternoon that $50 million of additional funding would be provided next financial year, confirming a report in The Australian Financial Review. The new funds, pledged by its eight largest customers, are contingent on the cash transport company reaching various efficiency-related milestones.