AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

COMPETITION AND CONSUMER ACT 2010

PART VIIA, DIVISION 4, SUBSECTION 95ZC(3)

FEBRUARY 2024 AUSTRALIAN POSTAL CORPORATION PRICE NOTIFICATION

 

  1. On 27 February 2024, the Australian Competition and Consumer Commission (ACCC) received a price notification (locality notice) from the Australian Postal Corporation (Australia Post) under subsection 95Z(5) of the Competition and Consumer Act 2010 (Cth) (CCA).
  2. Australia Post’s locality notice proposed price increases for its reserved ‘ordinary’ letter services to apply from 3 April 2024.
  3. Under section 95ZB of the CCA, the ACCC has 21 days from receiving a locality notice to consider the locality notice, unless the ACCC specifies a longer period with the consent of the person who gave the locality notice. The ACCC can decide to object or not object to the proposed price increase, or not object to a price that is less than the proposed price increase.
  4. On 13 March 2024, the ACCC decided to not object to the prices relating to the notified services that were set out in the locality notice, and advised Australia Post of its decision by notice issued pursuant to subsection 95Z(6)(b) of the CCA.
  5. The reasons for the ACCC’s decision have been published on the ACCC’s website at https://www.accc.gov.au/by-industry/postal-services/postal-services-price-notification-and-monitoring/australia-post-letter-pricing-2023 and are included in the register of price notifications pursuant to section 95ZC of the CCA.