Australia Post will be raising prices on a multitude of products by 2.8 per cent, coming into effect October 2.
The price rises cover selected domestic parcel products and services, selected Express Post parcel and letter products and services, selected international letter and parcel products and services, mail redirection and mail hold services, unaddressed mail services, money order services, and registered post imprint.
For print and mail houses, it will be cutting into already tight margins, while publishing houses will cop a cut to the bottom line, and there will be increased redirection and mail hold services cost.
The rises come despite AusPost announcing ‘no new planned price rises’ in a series of breakfast talks held with printers around the country just last month.
For the Christmas season, AusPost is reducing seasonal card postage rates for Zone 3 by 25c, but offsetting that with increases to postage rates for Asia/Pacific (20c), and New Zealand (30c).
Australia Post will continue to maintain the postage rate of domestic seasonal greeting cards in November and December at their October 2013 prices. There is also no change to the basic domestic postage rate of $1 for consumers and 60 cents for MyPost concession account holders, after its ACCC-cleared controversial rise in 2016.
AusPost says, “By making these changes, we're ensuring the long-term viability of mail and parcels delivery network. A network where every day we reach more Australians than any other company, through our 11.6 million delivery points and more than 4,000 post offices.”
Ahmed Fahour recently received a golden parachute of $10.8m upon leaving the company, while his successor, Christine Holgate is set for a substantially lower pay rate of $1.7m, rising to $2.7m with bonuses. Fahour’s average yearly salary sat at $5.6m.
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