Mitch Fifield (Victoria, Liberal Party, Manager of Government Business in the Senate) Share this | Hansard source

The ACCC noted that increasing the basic postage rate to $1 will assist Australia Post to reduce the losses from its services as a result of declining letter volumes. Even with this increase, the ACCC does not consider that Australia Post will recover revenue in excess of its costs in delivering its letter service. The ACCC's preliminary decision was backed by advice from independent consultants, which found that Australia Post's 'reform our letter service' program is an appropriate response to declining letter volumes based on overseas experience. And now that the ACCC has released its preliminary view, Australia Post will lodge its formal notification to the ACCC, and the ACCC is required to publish its final decision within 21 days of receiving this formal advice.