On 29 June 2016 the ACCC released revised record keeping rules for Australia Post which replaces the previous version issued by the ACCC in March 2005. The revised rules take effect from 1 July 2016.
Part 4A of the Australian Postal Corporation Act 1989 stipulates that the ACCC must require Australia Post to keep records about its reserved services. The revised rules remove certain reporting obligations from Australia Post but ensure that it maintains its ability to prepare and provide audited regulatory accounts if requested by the ACCC.
The amendment of the rules follows the ACCC’s decision to cease producing the annual Australia Post cross-subsidy report.
The ACCC consulted Australia Post in amending the rules.