Thursday, 14 November 2019 13:25

Postage price increase gets ACCC green light

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Posting a letter in Australia is about to cost more, with the basic postage rate scheduled to increase from $1.00 to $1.10 in January next year, following the ACCC’s decision not to object to a draft proposal from Australia Post to increase postage prices.

But, the Australian Competition and Consumer Commission says Australia Post is not proposing to increase the price of priority labels (50 cents), concession stamps (60 cents) or stamps for seasonal greeting cards (65 cents), such as Christmas cards.

And the proposed basic postage price increase needs Government approval before it can go into effect.

“We are satisfied that the proposed price increases are unlikely to result in Australia Post recovering more than its cost of providing monopoly letter services, given the forecast decline in letter volumes,” ACCC Commissioner Cristina Cifuentes said.

Commissioner Cifuentes said that, in reaching its view, the ACCC also considered Australia Post’s progress on achieving efficiency improvements before increasing its letter prices.

“Although Australia Post has exceeded the efficiency targets it set for its monopoly letter services in 2015, it has not yet attained the efficiency levels of comparable overseas postal operators, but is on a path to bridging the gap,” Ms Cifuentes said.

“The ACCC will continue to monitor Australia Post’s progress in this area in considering any future proposal for price increases.”

The ACCC says it will release a final decision after it receives a formal price notification from Australia Post, expected in December 2019.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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