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 members of the Executive, and the 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.
So it is with heavy hearts that we must acknowledge that 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 increases has highlighted the fast way back to our insolvency issues that we had been so looking forward to putting behind us with our new look CEO.