This Month
Billionaire Fox family says RBA’s push on cash powers is ‘unusual’
Armaguard’s owners say they have no interest in selling the dominant banknote and coin transport business if banks and regulators agreed to “fair prices”.
Banks and major retailers extend Armaguard lifeline to buy cash time
The Fox family-owned business had secured a $50 million injection last year, and will use the money to operate while a permanent solution is found.
May
Armaguard, banks pick Deloitte to create utility pricing for cash
The biggest users of cash want contracts with the Lindsay Fox company to be regulated like other essential services such as water and energy.
Volvo boss ready to take on Chinese electric truck rivals
Martin Lundstedt, who runs the $90 billion Volvo Group, says tariffs have brought hesitancy from US buyers, but he’s making sales in Australia with Linfox.
Shayne Elliott final goodbye with ANZ friends
The departing CEO took hundreds of selfies as he left for the final time.
April
Big banks draft in Barrenjoey as they consider Armaguard’s future
The banking lobby needs strategic advice on how the Linfox-owned cash transport business could be funded.
Inside the well-heeled battle for Kooyong
There are wealthy backers on both sides of this blue-ribbon Melbourne seat, which was long the jewel in the Liberal crown.
Armaguard, banks seek independent price-setter for cash delivery
Resolving the cash transport drama is one step closer, with a callout this week for an expert to set contract prices – at a fair margin for Linfox.
February
Westpac’s Armaguard deal complicates negotiations to save banknotes
The major banks are scheduled to meet with the Lindsay Fox-owned cash transportation business in the hope of keeping the company afloat and money circulating.
January
Lindsay Fox debuts new branch of family tree at Australian Open
The trucking magnate, closely flanked by his grandson and newest employee, rubbed shoulders with corporates and bankers at the men’s championship.
October 2024
Sass brothers splash more than $61m on Sorrento clifftop compound
Melbourne developer duo Steven and Tony Sass, who co-founded Oreana Group, have spent a combined $61m across three neighbouring Sorrento clifftop estates.
September 2024
Blackstone’s Crown Resorts mulls sale of luxury Melbourne golf course
The 18-hole Capital is one of the country’s most private and catered exclusively for the casino group’s high rollers. Now wealthy businessmen want to revive it.
Kelty condemns Labor failure on economic growth
Trailblazing former union leader Bill Kelty says the Albanese government has no plan for economic growth and no appetite for the big reforms to secure Australia’s future.
August 2024
Banks, supermarkets prep Armaguard contingency plans
ACCC deputy chairman Mick Keogh said it was “important that the parties continue their discussions” over cash transit services.
June 2024
Armaguard and the banks now trust each other, says Linfox chairman
There has been a big turnaround in the relationship between the cash transport monopoly and its eight biggest customers.
In the Armaguard deal, keeping cash flowing was about more than money
How the Fox family and Bill Kelty finally got a deal with the banks to secure a viable future for the cash distribution business despite a dramatic fall in the use of cash.
Armaguard secures deal with banks, supermarkets to save cash
Months after a bailout collapsed, the eight largest customers of Linfox’s Armaguard have agreed to a $50 million injection to keep cash circulating.
May 2024
‘Larger than life’: packed memorial farewells Lang Walker
Friday’s two-hour public service for the property developer and Rich Lister, who died in January, was attended by a who’s who of Australian business and politics.
April 2024
‘What Paula wants, Paula gets’: Lindsay Fox’s $152m birthday surprise
A high-profile birthday singalong broke out on billionaire Lindsay Fox’s birthday at the official opening of new $152 million Paula Fox Melanoma and Cancer Centre in Melbourne on Friday.
CBA’s cash nemesis in the pocket of big ATM
Jason Bryce is the mainstream media’s favourite “pro-cash campaigner”. No one seems to be asking who’s backing him.