For the past 18 months, LPOG has been harbouring a belief that financial salvation for LPOs was just over the horizon, and we would be seeing it coming over the hill any week now. We have seen the departure of many members of the Executive team of Australia Post, and their Board, who seemed totally unaware of the value LPOs bring to the business overall. We all rightly felt that this would provide our much needed relief, and a restoration of a much more equitable payment arrangement for the work we provide for Australia Post. LPOG was invited to participate in the long awaited payment review, and entered this working group with a great deal of anticipation for a successful outcome for our members, and other Licensees who share in the benefits we can extract. While the project is apparently ongoing, it is not looking like the panacea that we needed. Currently it is looking more like a project to shuffle the deck chairs on the Titanic. LPOG will continue to participate in this project, but it seems like it is going to be a long hard slog to achieve what needs to be achieved.
So it is with heavy hearts that we must acknowledge, the July 2018 1.9% CPI increases for the ever diminishing agency payments, combined with the annual 3.5% GRIA increase for our wages, 3-5% rent increases, and utilities and many other cost increases, has highlighted the fast way back to our insolvency issues. We had been so looking forward to putting all that behind us with our new look CEO.