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Australia Post seeks stamp of approval for price rises

Wednesday, 20 February 2008
By Print 21 Online Article
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Changes in mail deliveries prompts Australia Post to call for an increase in postage rates.

The company has lodged a draft notification with the Australian Competition and Consumer Commission (ACCC), requesting that the basic postage rate rise from 50 cents to 55 cents.

Allan Robinson, group manager letters, attributed rising fuel, wages and other transportation costs to the need for a price increase.

"The number of delivery addresses for home and businesses has increased by over 800,000 since the last price rise in 2003 taking the total number of delivery points to 10.3 million across the country," he said. "The task has got bigger, the costs have increased, but growth in the letters area has only been modest."

The proposal is currently being assessed by the ACCC. Chairman, Graeme Samuel, said that: "The ACCC will consult widely on the proposed price increases. An issues paper will soon be releases seeking the views of interested parties on key issues to assist the ACCC in its assessment of Australia Post’s proposal."

A spokeswoman from the ACCC was unable to specify when a final decision would be made. "It depends on the number of submissions we receive and what we have to do from there," she said.

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