On 26 June 2026, the ACCC granted interim authorisation to Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Limited and National Australia Investment Capital Pty Ltd (together, NAB) and Westpac Banking Corporation (Westpac) (together, the Applicants), to commence taking certain preparatory steps in relation to a proposed joint venture to deal with the supply of commercial cash in Australia.
The Applicants are seeking authorisation for the establishment of a single joint cash pool and bailment structure, via an incorporated operating entity (JVCo), for the supply of commercial cash in Australia. The application for authorisation is related to a separate notification of acquisition filed with the ACCC, in which the Applicants will each acquire a 25% shareholding in JVCo and a 25% interest in the joint cash pool.
Interim authorisation commences immediately and may be reviewed at any time, and should not be taken to be indicative of whether or not final authorisation will be granted.
Further information, including a copy of the interim authorisation decision, is available on the ACCC’s public register. The related notification of acquisition can be found on the ACCC’s acquisitions register.
