As Licensees who have provided banking services in our communities for years, at well below our direct costs, you probably joined with Australia Post's CEO to feel very excited, and relieved, about the commitment made by 3 of the BIG 4, CBA, NAB and Westpac to finally help remunerate us for this service to our shared customers.
$3.6 billion windfall, $1.25 million fine
As Licensees who must absorb the underfunded tasks in our LPOs, we know only too well that bank@post is most often a loss leader for us. So it is simply astonishing business from the ANZ, that they feel hardly done by, being asked to contribute in equal measures with the Big 3, so we can be paid fairly for the bank@post work we have been providing for years for our communities!
LPOG is delighted to announce that Nicole Sheffield, our brand new EGM, will be pleased to join us for our get together from 1.30 pm onwards, prior to the official AGM starting at 3.pm, on the 27th October 2018.
Nicole may also be able to bring her Boss, if all the Diary scheduling allows.
This is a great opportunity for anyone who is planning on attending the AGM, to come and listen to Nicole, and put up your questions. She is a very down to earth, real person, who is about as far from her predecessor as you could hope for.
And SHAME SHAME SHAME, ANZ SHAME, has refused to sign up with the BIG 3 to support the network, citing their customers don't need bank@post, on average they only need to travel 20 Kms or so to find a Branch!
If you bank with ANZ, time to move to a bank that supports you - which is not the ANZ!
Well done NAB and Westpac, joining Comm Bank to ensure LPOs, and customers have access to a viable banking service across the nation.
Finally bank customers might start to look as financially appealing as online shoppers collecting their parcels in our LPOs, with news just released by Australia Post of a deal with the CBA to increase our payments for providing this service.
This will help many struggling LPOs, when combined with a few more increases that are sitting in the pipeline. For now, this is a well deserved thanks to Christine Holgate, Australia Post's CEO, for delivering much needed financial improvements to the LPO network.