There is no requirement in Australia to acquire licences or...

There is no requirement in Australia to acquire licences or similar to operate an ATM business unlike in other countries where I understand you do need to do this as part of partnering with a bank to do "brown label" or even "white label".

You do need to partner with a "switching provider" to process the transactions and to access the banking system in Australia but there are a few of these providers in Australia whom provide these services to Companies like us as part of accessing the Visa/Mastercard and other schemes.

As there is a low barrier to entry in Australia, many ATM companies have come "and gone" during my 16+ years in the industry, the most notable being My ATM Ltd (ASX:MYA). There is an "art" to locating an ATM and we are arguably one of the best at doing it given our industry leading average number of transactions per machine, per ATM, per month metric.

Refer to page 2 of the attached announcement we made in early June which you can read here.