On 1 August 2019, Australia Post provided the ACCC with a draft price notification proposing to increase prices of ordinary letters delivered at the regular timetable by 10 per cent.
This includes an increase of the basic postage rate for ordinary small letters delivered at the regular timetable from $1.00 to $1.10. It also includes price increases of 10 per cent for the delivery of ordinary large letters up to 250 grams.
Under Part VIIA of the Competition and Consumer Act 2010, Australia Post is required to submit a price notification to the ACCC before increasing the price of its ordinary letter services. The ACCC then has to decide whether or not to object to the price increase.
The ACCC will soon release an Issues Paper providing further information on the proposal and review, with guidance for submissions.
In addition to the ACCC’s assessment, Australia Post can only vary the rates of postage for ordinary letters if the Minister does not disapprove it.