Australia post up postage by postal regulatory approval

Australia Post recently announced plans to raise, postage by the regulatory body approved by ACCC. The increase in postage will be implemented from March 31st, the increase rate is amounted to 16.7%.
In 2014 January, Australia Post once proposed pricing proposal, according to the proposal, from 60 cents postage will be raised to 70 cents; for holding the preferential benefit card Australians, will enjoy the basic postage for preferential price 60 cents, until 2017.
Australia Post says, company letter business volume continued to decline, the fixed cost to maintain the universal postal service and bring in, resulting in a loss of volume is increasing.
The postage hikes will temporarily reduce the losses of the company, and in the 2014-15 year, bring extra revenue of $95000000 for the company. But according . But according to the Australian postal prediction, company of domestic mail business will continue to losses in 2014-2015 years, losses will reach 313000000 Australian dollars, domestic mail volume will decline 6.7%.
ACCC says, in the process of assessment of australia post postage raised the proposal, the committee did not agree on the cost efficiency. But Australia Post can't seem to make up for its letter business costs. Therefore, the committee to approve the postage adjustment plan.
MYEX Minya Express International
2014-03-21