This Month
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.
Lindsay Fox’s Armaguard wants a bailout that isn’t called that
Linfox are “not beggars”, and Armaguard doesn’t want a cent, its leaders say. Hang on, what?
G-G for business | Activist targets Lendlease | The future of cash
This week, James and Anthony look at what Albanese’s choice for governor-general means for business, why Lendlease is feeling the heat from John Wylie, and go inside the battle for Armaguard.
Inside the battle for Armaguard and the future of cash
The high-stakes negotiations over the financial future for the cash transit monopoly reached a crescendo over Easter, and became clearer this week.
Fox takes cash-strapped, cash-trucking empire to the brink
No one minds when it’s the big banks over a barrel. It’s deliciously novel. But who believes that’s where this dispute will stay?
Linfox lays out its terms for keeping Armaguard afloat
Peter Fox, the company’s executive chairman, says his family are “not beggars here”. He says the cash-in-transit monopoly will keep operating if fees rise.
March 2024
Why it’s so hard to keep cash alive in Australia
The peak sector lobby group has confirmed the banks and large retailers have offered a short-term lifeline to keep cash transport firm Armaguard operating.