ACCC does not object to postage price increase by Australia Post
The Australian Competition and Consumer Commission has decided to not object to Australia Post's proposal to increase the prices of ordinary letter services, including the basic postage rate (BPR) from 60 cents to 70 cents.
Australia Post plans to freeze the price of a basic stamp at 60 cents until 2017 for consumers with an Australian Government concession card.
“The ACCC is satisfied that the price rises will not result in Australia Post over recovering the efficient costs of providing monopoly letter services,” ACCC Chairman Rod Sims said.
“The ACCC found that there is increasing financial pressure on Australia Post’s letter services as a result of fewer letters being sent.