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Australia Post

June

A cash injection of $50 million will keep Armaguard afloat for at least another year.

Armaguard secures deal with banks, supermarkets to save cash

Months after a bailout collapsed, the eight largest customers of Linfox’s Armaguard have agreed to a $50 million injection to keep cash circulating.

  • James Eyers
Moving cash became a financial drain for Armaguard given the dramatic fall in its use.

In the Armaguard deal, keeping cash flowing was about more than money

How the Fox family and Bill Kelty finally got a deal with the banks to secure a viable future for the cash distribution business despite a dramatic fall in the use of cash.

  • Jennifer Hewett
Australia Post wants more money from banks to support its Bank@Post services.

Australia Post warns ‘clock is ticking’ on its regional bank services

The government-owned postal service says it wants to strike new, more expensive deals with lenders to prevent Bank@Post falling into financial loss.

  • James Eyers
  • Sponsored
The rise of ecommerce has changed words

Our biggest carrier enters next-day delivery race

Australia Post’s new Metro service caters specifically to urban consumers and businesses to meet the growing demand for fast and convenient ecommerce.

Sponsored 

by Australia Post

May

Australia Post CEO Paul Graham says banks need to provide tens of millions of dollars of additional funding for security and staff training as they push more services onto the post office amid regional bank branch closures.

‘Paying a pittance’: Australia Post wants banks to boost funding

Ahead of a Senate estimates hearing on Thursday night, Paul Graham says its banking service is heading towards a loss and contracts need to be redrawn.

  • James Eyers
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The senate inquiry wants banks to pay more taxes to fund new ‘community bank branches’ in remote areas.

Raise bank levy and force AusPost deals, branch closure probe says

The government should build a new publicly owned bank to service regional towns and increase the major bank levy, a Senate inquiry has found.

  • Updated
  • Lucas Baird
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Bank users face extra $370m in fees to keep rural branches open

The costings come as a Senate probe into the impact of branch closures on regional communities prepares to report on Friday.

  • Updated
  • Lucas Baird
ANZ says it is open to a deal with Australia Post.

ANZ wants to revisit Bank@Post deal amid scrutiny of branch closures

It is the only major bank not to allow customers to access services through Australia Post. Rural branch closures will be a focus of a Senate report this week.

  • James Eyers
Lachlan Murdoch pocketed $35 million from his investment in radio network Nova.

Tax Office investigating Lachlan Murdoch’s Nova radio assets

The parent of SmoothFM revealed it is under an ATO microscope, hauling in PwC for tax compliance services.

  • Sam Buckingham-Jones

April

This CEO didn’t go to uni and never had a career plan

Australia Post chief Paul Graham left school and tried out myriad manual jobs. Now he is responsible for 63,000 employees.

  • Sally Patten and Lap Phan

March

Banks, credit card operators and Australia Post will likely be the first businesses to offer identity and verification services after the government fast tracked their participation in its digital identity verification scheme, to secure support for it in the Senate.

In future, banks won’t need to see your licence to give you a loan

Laws allowing people to verify their identity online, rather than handing over documents, are set to win Senate support after Labor agreed to amendments.

  • Tom Burton

Why you might be about to see a lot more of this logo

myID, which could become as prominent as Medicare and myGov, will be the online tool Australians use to prove their identity without passports and licences.

  • Tom Burton
Paul Graham at Australia Post’s first “community hub” in Orange in NSW.

Australia Post CEO faces political backlash over closures

Chief executive Paul Graham warned that despite the first “green shoots” of last year’s postal shake-up, more branches needed to shut to avoid future losses.

  • Patrick Durkin

February

Team Global Express chief executive Christine Holgate argues sharing last-mile infrastructure will help regional communities.

Christine Holgate still gunning for Australia Post

Making Australia Post cheaply distribute its competitors’ parcels would hamper Australia Post’s finances. For Christine Holgate, that might be a bonus.

  • Myriam Robin

December 2023

Australia Post CEOs past and former: Ahmed Fahour, Christine Holgate and Paul Graham

How Australia Post CEO secured letters reprieve where others failed

The understated and straight shooting Paul Graham has pulled off what his “rock star” predecessors, Ahmed Fahour and Christine Holgate, could not.

  • Patrick Durkin
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The government will announce on Wednesday the end of daily letter deliveries.

How new postie rounds will work when daily letters are dead

The Greens and crossbench senators have reserved their right to force a vote on changes to Australia Post that would end daily letter deliveries.

  • Patrick Durkin
Posties are adapting to support more parcel deliveries.

Posties back the death of daily letter deliveries to keep jobs

The Communication Workers Union has signalled it will support a shake-up at Australia Post as long as posties keep “meaningful, gainful and secure employment”.

  • Patrick Durkin and Tom McIlroy
Financial reality should be allowed to catch up with technological change and the trend of continued declines in letter volumes.

Australia Post’s mail modernisation

Plans for big changes prompt the question of why the government needs to own a postal service in this day and age.

  • The AFR View
The government looks set to dump daily letter delivery to keep Australia Post financially viable.

The six locations where AusPost is testing the end of daily letters

The government is expected to sign off on dropping such deliveries potentially as early as this week, as part of a restructure of Australia Post.

  • Patrick Durkin
Australia Post CEO Paul Graham.

What AusPost needs to upgrade its banking services

Hot on the heels of Armaguard, Australia Post says it also needs more investment from banks to upgrade its regional outlets to provide cash where branches have left.

  • James Eyers

Original URL: https://www.afr.com/topic/australia-post-jnn