Yesterday
Postie may come every three days if letters keep dying
Daily letter deliveries are a thing of the past and could fall further, but Australia Post has posted a healthy profit and looks set to expand its deal to provide rural banking.
February
Why Comyn is cautious celebrating CBA’s bumper profit
Chief executive Matt Comyn has plenty to celebrate in the bank’s results. Unlike politicians, he prefers to avoid claiming much credit for that.
Banks strike Australia Post deal to bolster rural branches
Lenders will extend moratoriums on country branch closures and have agreed to lift funding for over-the-counter services provided at post offices.
January
Insignia Financial latest to let staff work on Australia Day
Insignia Financial has joined the likes of Medibank, REA Group and Telstra in giving employees the option of working on public holidays such as Australia Day.
December 2024
How many can you name? The 30 public servants earning more than $1m
Executives from NBN Co, Australia Post and Snowy Hydro topped the latest leaderboard for public service and government-owned business pay packets.
Welcome to Australia Post’s HQ. Just don’t call it the HQ
The postal service has ditched its high-profile head office in a Melbourne skyscraper for a humble yet high-tech building in the suburbs. It’s all about the vibe.
November 2024
SingPost schedules board meeting to anoint FMH winner; eyes on PEP
Sydney private equity firm Pacific Equity Partners is believed to be in pole position; however, the team has not yet secured exclusivity, according to sources with knowledge of the sale.
Billionaire splashes $22m on restaurateurs’ Toorak mansion
Melbourne’s billionaire Heine family have snapped up a grand art deco home in Toorak owned by famed restaurateurs Andrew McConnell and Jo McGann.
Chalmers sells intervention as economic salve
The US may have a different culture, but its politics still provide a recent lesson in the electoral risks of rural voters feeling ignored by governments or left out of services.
A levy to help rural banking is also a tax on innovation
The quest to leave no one behind in the regions cannot come at the expense of working households in the outer suburbs and elsewhere.
August 2024
Post offices could be your new cash machine
Australia Post is negotiating with the big four banks to roll out smart ATMs and expanded banking services after an $88.5 million loss.
Holgate’s Australia Post campaign fails to deliver
The thing about claiming to speak for the masses is you never really want to test the proposition.
July 2024
Alibaba-backed Singapore Post shops Australian assets
Street Talk can reveal Bank of America has been mandated to sell the Singapore group’s Australia unit which is understood to be making about $100 million in earnings.
June 2024
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.
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.
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.
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 2024
‘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.
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.
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.