POSTAL SERVICE – AUSTRALIA

Retailers slam new Aust Post US service

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Original article by Eli Greenblat
The Australian – Page: 17 : 15-Dec-14

Australia Post has launched its new ShopMate service, which allows consumers to order goods from US online retailers that ship only to domestic addresses. The parcels are being sent to a warehouse in the US and then forwarded to Australia. The move has been sharply criticised by the Australian National Retailers Association, which says it exacerbates the problem of no goods and services tax being charged for items shoppers buy over the internet from overseas. The lobby group is especially disappointed as Australia Post is a Federal Government business

CORPORATES
AUSTRALIA POST, AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, WESFARMERS BUNNINGS LIMITED, PREMIER INVESTMENTS LIMITED – ASX PMV, JUST GROUP LIMITED, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, MYER HOLDINGS LIMITED – ASX MYR, NATIONAL ONLINE RETAILERS ASSOCIATION LIMITED

The price of stamps set to top $1.50

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Original article by Matthew Knott
The Age – Page: 2 : 11-Dec-14

The letters division of Australia Post booked a loss of $A328m in 2013-14, and CEO Ahmed Fahour says the losses will escalate unless action is taken. Australia Post wants the Federal Government to approve a new pricing regime for postage stamps. Priority mail deliveries would cost between $A1.25 and $A2 per letter, while the standard mail service would cost between $A0.70 and $A1

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF COMMUNICATIONS

Mail losses widen

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Original article by Joanna Heath
The Australian Financial Review – Page: 7 : 5-Sep-14

Australia Post has reported a 2013-14 profit of $A116.2m, including a profit of $A337.5m for its parcels business. However, its letters business posted a loss of $A328.4m, which is 15 per cent higher than previously. CEO Ahmed Fahour is seeking Federal Government approval to offer a two-tiered mail delivery service, with customers paying more for deliveries every weekday

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF COMMUNICATIONS

Major plan to cut postal losses

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 25-Jun-14

Australia Post has terminated 900 administrative and management roles and adopted a user-pays system for business mail. Communications Minister Malcolm Turnbull says the postal group faces financial collapse in the absence of widespread reforms. Turnbull launched a report by Boston Consulting Group, in which losses of $A6 billion over the coming 10 years are forecast for Australia Post. The report states that the surge in parcel delivery can no longer compensate for the downturn in letters

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF HUMAN SERVICES. CENTRELINK, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIA. DEPT OF COMMUNICATIONS, THE BOSTON CONSULTING GROUP PTY LTD, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA