Revisiting our POB Remuneration Article from 2013
A set 90% is looking like a good deal
LPOG Target No1
- Remember when more PO Boxes seemed like a great idea?
- One of our core products that used to pay the rent?
- Do you wonder why the box payment seem to disappear so quickly these days?
It is because our PO Boxes, installed at our offices at our expense, are now providing Australia Post with the windfall. Raising the retail price every year since 2005, without passing on this cost to the owners of the assets has eaten into the foundation of our return for this service. More and more box holders are not renewing each year and we are powerless to stop the exodus as Australia Post keeps driving the price to suit themselves.
In 1993, when the LPO Agreement was drafted, it was agreed that the Licensees would be paid 110% of the retail cost of the PO Box to remunerate us for providing this service. 20 years on and we now receive 70% of the retail cost of this service. And that was before Australia Post started charging the $25 establishment fee, where Australia Post charges our customers for the lock we provide and paid for, and for establishing a PO Box that we have already established.
LPOG seeks a return to the 1993 agreed remuneration for Licensees for the provision of the PO Box service at LPOs.