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The ACCC has today announced that it will not object to Australia Post's proposed price rise.
Australia Post is proposing to introduce a basic postage rate (BPR) of $1 in January 2016 for letters delivered at a new timetable, which allows an extra two business days for delivery to occur (compared to the current timetable) for the "regular" service.
Australia Post’s application for an increase in the BPR was based on its claim that it is necessary to raise revenue to offset continuing losses as letter volumes decline.POAAL made a submission in support of the BPR increase. In supporting Australia Post's application, POAAL took into consideration the valid concerns raised by many Licensees about the potential impact of the price increase on stamp sales.An increase to BPR will result in an increase to several LPO mail payments.POAAL's decision to support Australia Post's application was based on our own research, our evaluation of Australia Post's application, and the input from POAAL representatives and Licensees around the country. POAAL compiled its submission with no outside financial support. POAAL values its independence and does not take funding from Australia Post or the Government.
Australia Post must now provide written notice to the Minister for Communications, Senator Fifield, of a proposal to fix or vary certain rates of postage. Australia Post can only increase the BPR if the Minister does not disapprove the proposed increases to the BPR within 30 days of receiving notice of the price increase from Australia Post.
