Changes to POB payments - Now Parked for this year
After a resounding amount of very concerned Licensees discussing the changes to payments at the LEEP meetings, and contacting Australia Post to express the alarm over the proposed change to monthly POB payments in arears, Nicole Sheffield has put the plan on hold for this year. It is very clear to the executive of Australia Post that the network is not ready for this change to happen as yet.
Monthly POB payments may well be good for our cash flow down the track, but we need to have a very solid transition plan agreed to first, and then we all need to survive any transition period. For this year the concept is now on hold, so we can stop panicking and start looking at the rest of the payment reform.
Licensees might like to consider how the payments could - IN THE FUTURE - be transitioned to monthly payment, and how would that be achieved. It is very obvious that 10 months of no POB payments, then receiving 1/12th in areas was not a winning plan.
What is our opinion? How do we think it could be set up to be successful? How would we wean ourselves off the annual sugar hit?