The Australian Competition and Consumer Commission today released its final decision not to oppose prices proposed for a new Australia Post service.
The new service — Impact Mail — will allow bulk quantities of irregular shaped (non-rectangular) mail to be posted.
ACCC Commissioner, John Martin, said Australia Post is required to lodge a price notification under Section 95Z(5) of the Trade Practices Act 1974 because the Impact Mail service falls within the definition of Australia Post's reserved services.
"Reserved postal services are declared under Part VIIA of the Act, which means Australia Post must notify the ACCC before it can introduce the Impact Mail service," Mr Martin said.
"The ACCC is responsible for assessing the proposed price to determine whether it is appropriate."
The ACCC reached its decision after considering information provided by Australia Post and the submissions it received from interested parties.