Australia Post Not Expecting Reforms To Affect Revenues

Australia Post is not expecting postal reform and competition legislation introduced by the government to cause a decline in its revenues. But the company does expect to revise down its planned US$27.88 million financial return from its pilot franchisee programs.

Australia Post corporate secretary Michael McCloskey told a Senate committee that there is no reason to believe that any of the proposals will have any adverse effect on post.

Laws for postal reform were expected to be introduced early next year, Communications Minister Richard Alston said.