Registered Post Price Increase

[robbiegal]

well they need to get the  paypacket for the boss from somebody

oopps ... looks like its from all of us!!


AUS POST'S $220 MILLION LOSSES
Australia Post lost $221.7 million last year — its first loss since corporatisation in 1989 — largely due to a $381 million drag in its letters division.
That decline in traditional letter volumes has forced the company to increase the price of regular postage stamps from
70 cents to $1 and push out delivery times by two days
.
More than half of Australia Post's $6.37 billion revenue now comes from its parcel business, which increased revenue by 3.6 per cent to $3.21 billion last year.
In 2014-15, Australia Post paid its executive team $13.47 million. That was a significant haircut on the $16.18 million they took home in the previous year, with chief executive Ahmed Fahour — Australia's highest-paid public servant — taking home $2.1 million.