Last licks for 55c post stamps

WITH a week to go, Australia Post is reminding customers to use up their 55 cent stamps before the basic postage rate increases by five cents next Monday.

The increase from 55 cents to 60 cents was not objected by the Australian Competition and Consumer Commission (ACCC) nor by the Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy.

Australia Post spokesperson Scott McIntyre said the increase to the basic postage rate represented only the third price rise in 18 years.

After the price increase, Australia will still have the third lowest basic price rate in the OECD.

Mr McIntyre said the increase had been well publicised and Australia Post expected a smooth transition to the 60 cent rate.

“Australia Post is well stocked with five cent and 60 cent stamps to accommodate the five cent increase in the basic postage rate which comes into effect next week,” Mr McIntyre said.

“We understand that it might take some time for our customers to adjust to the new rate, but we are providing options to minimise any inconveniences felt.

“People can continue to use 55 cent stamps in combination with five cent stamps, or they may purchase new 60 cent stamps.”

Five cent stamps will be available for the first time in a self-adhesive booklet of 20 to assist customers in making the transition to the new rate.

Even with the increase, Australia Post makes no profit from its reserved letter service, with the cost of providing the basic postage service exceeding what many Australians pay.

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