Australia Post's weekday letter-delivery obligations are 'no longer financially sustainable' and need to be reviewed, according to a new consultation paper released as part of a federal government review of the postal service.
The rules currently governing Australia Post were largely set up in the 1980s and 1990s and have not significantly evolved since.
Households now receive, on average, 2.4 letters a week, and that is forecast to halve again in the next five years."A discussion on modernising postal services and Australia Post is the conversation the Australian community needs to have," he said. Permanent changes were also recommended by a controversial Boston Consulting Group review of Australia Post, delivered to the former Morrison government in 2020, but the recommendations have not been acted upon.
The Boston Consulting report delivered to the former government suggested looking at privatising some or all of the profitable parcels business, but also warned there were long-term risks in doing so.
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