Australia's major banks are working on contigency plans to confront the possibility that the cash transit company Armaguard potentially goes under.

The emergency planning is under way even though Armaguard denies its on the brink of collapse and is able to keep the business running.

If you've been dudded by a dodgy financial firm that's gone bust and can't get your money back, from today there's another option that just might work. What's known as the "Compensation Scheme of Last Resort" is now up and running and could deliver as much as $150,000 to consumers who've suffered from financial services misconduct. ABC's Peter Ryan explains.

There's still no resolution to the crisis engulfing the cash transport company Armaguard which has rejected a financial lifeline to keep the business alive.

So where to now, and how worried should we be about the future of cold hard cash?

Also - ASIC posts its first greenwashing victory against a global funds management goliath.

The ABC understands the cash transport company Armaguard has been given until the end of today to either accept or reject a financial lifeline to avert insolvency and to keep cash flowing to major businesses.

Major banks, supermarkets, Australia Post and retailer Wesfarmers proposed a $26 million rescue package last week but the consortium is yet to receive an answer from Armaguard which is controlled by trucking magnate Lindsay Fox.

Former ACTU secretary and Linfox director Bill Kelty represented Armaguard at a meeting chaired yesterday by Reserve Bank governor Michele Bullock underscoring the urgency of a resolution.

Supermarket giant Coles has “paused” Armaguard services for the pickup and delivery of cash until April 5 given what the company is calling an “evolving” situation.

If you're hanging out for an interest rate cut in the coming months to ease cost of living pressures .. perhaps manage your expectations.

Monthly inflation figures out later this morning are likely to deliver a sobering reality check that inflation is still too high and that rather than falling, it's ticking up.

Major banks are on the brinking signing a supporrt deal with Armaguard to ensure cash deliveries continue. Armaguard says its cash delivery business is unsustainable as the slide towards a cashles society accelerates. The deal, which us yet to be accepted, would ensure cash deliveries until the second half of this year.

Reporter: Peter Ryan, Senior Business Correspondent

It might be a shortened week in the leadup to Easter .. but the economic news doesn't stop.

After last week's surprisingly strong news about the labour market, we'll be getting an update on monthly inflation later this week.

No one's declaring victory, but scam reports trended a bit lower in the final quarterof last year according to the ACCC's National Anti-Scam Centre. Asst Treasurer Stephen Jones tells banks to do more, but singles out Facebook owner Meta for special criticism for allowing its platforms to be used by criminal scammers.

Economic modelling from Super Members Australia shows withdrawing superannuation for a housing deposit might only fuel the property price boom, erode retirement nest eggs and force more people on to the aged pension. Also former Reserve Bank governor Philip Lowe's new role as incoming chair of the funds manager Future Generation Australia.

Reporter: Peter Ryan, Senior Business Correspondent

Featured: Misha Schubert, Super Members Australia; Philip Lowe, former Reserve Bank governor

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One constant proposal to help young people buy a home is to allow borrowers tap their superannuation to help stump up a deposit.

But economic modelling from the Super Members Council shows withdrawing super for housing deposit might only fuel the property price boom, erode retirement nest eggs and force more people on to the aged pension.