Australia Post lost $200 million last financial year. It expects further losses unless it can “secure the necessary support required to modernise its business”.
Now, this necessary support could come in various forms, but it means one of two things: massive government subsidies to Australia Post so that it can keep delivering mail as always or fewer mail deliveries and fewer post offices.
Read More Mail Under Threat – Australia Post Warns of Losses, Price Increases, and Potential Office Closures
Australia Post is proposing to increase its stamp prices by 25 per cent from January 2024.
This change would increase the price of delivering reserved ordinary small letters from $1.20 to $1.50, ordinary large letters up to 125 grams from $2.40 to $3.00 and ordinary large letters between 125 grams and 250 grams from $3.60 to $4.50.
Australia Post is not proposing to increase the price of concession stamps (60 cents each) or stamps for seasonal greeting cards (65 cents).
Read More ACCC Opens Submissions on Australia Post’s Proposed Price Increases