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Price of postage stamps will go up

Posted on July 31, 2008, 12:12pm and updated on July 31, 2008 at 5:37 pm

The price of a standard postage stamp will rise to 55 cents on September 15 following approval today by the Australian Competition and Consumer Commission.

It will be the first rise since 2003.

“The ACCC has decided not to object to Australia Post’s proposal because the proposed price increases do not involve Australia Post over-recovering the costs of providing these letter services,” ACCC chairman, Mr Graeme Samuel, said.

“The ACCC did identify a concern that Australia Post’s current proposal did not provide sufficient certainty for some customers.

“Therefore, in its decision, the ACCC has established a framework for future price notifications that will encourage Australia Post to continue to reduce costs, improve productivity, and provide more certainty for Australia Post’s customers.”

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