The ACCC has confirmed it will not oppose Australia Post's 25 per cent price increase to its letter services.
's 25 per cent price increase to its letter services as the postal service attempts to recover losses.
The average resident, who sends roughly 15 small letters a year, is set to pay $4.50 more under the price hike. The ACCC will not contest Australia Post's 25 per cent price increase to its letter services. The Australian Competition and Consumer Commission today announced it would not oppose the cost-recovery rise as it was not within its role to do so.The commission did, however, identify some concerns and made recommendations to improve Australia Post's financial modelling.
"We acknowledge the concerns raised in our consultation processes about the impact of the price increase on consumers and businesses, especially in light of cost-of-living pressures."Communications Minister Michelle Rowland has the power to reject the proposal. last year - the second loss suffered in more than 30 years.
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