MEDIA RELEASE - New Statement of Expectations for Australia Post
12 April 2016
The Government has released its
Statement of Expectations for Australia Post on the Corporation’s public
commitments relating to postal reform.
In 2015, the Government announced
regulatory reforms to address Australia Post’s losses arising from the
substantial decline in letter volumes, to ensure Australians continue to have
access to a high quality postal service.
These reforms enabled the introduction
of a two-speed letter service (regular and priority) and amended the oversight
arrangements on stamp pricing.
During the reform process, Australia
Post made a number of public commitments, in particular:
to maintain the price of
its concession stamp at 60 cents and Christmas stamp at 65 cents;
that there would be no
involuntary redundancies for the life of the reform for award level employees
impacted by the reforms who are actively seeking employment within Australia
to continue to engage
constructively on reform matters through its Industry Consultative Forum and
more broadly, with the community and key stakeholders.
Consumer safeguards are a key
priority, and the Statement sets out the Government’s expectations in a
transparent and public manner, while respecting the Corporation’s independence.
The Government expects Australia Post
to continue to comply with these commitments and report to Shareholder
Ministers on the implementation of the postal reforms, the financial impact on
Australia Post, and feedback from industry groups and the community.
The Statement will be updated in
consultation with Australia Post to reflect any future government decisions,
significant market developments and other key changes in the postal sector.
The statement is available at www.communications.gov.au/what-we-do/post/australia-post.