Current Activities
Over the last 15 years, Australia Post has broadened its product and service range and invested in major technology-based infrastructure programs. Today, it operates in three core areas: letters and associated services; retail merchandise and agency services; and parcels and logistics. It offers delivery services, retail products, financial services (such as bill payment and banking through its retail network), logistics and fulfilment services, and direct marketing and database management services. It also has a number of subsidiaries and joint ventures, including Sai Cheng Logistics International – a joint-venture logistics company established with China Post in 2005.
Australia Post operates normal mail delivery as well as an express/courier service through Messenger Post.
Australia Post is a government business enterprise. It is self-funding and uses its assets and resources to earn profits, which can be reinvested in the business or returned as dividends to its sole shareholder, the Commonwealth Government. Under its community service obligations, Australia Post is committed to providing an accessible, affordable and reliable letter service for all Australians wherever they reside. The corporation reaches more than 10 million Australian addresses; operates 4,419 postal outlets; and serves more than a million customers in postal outlets every business day.
Under the Australian Postal Corporation Act 1989, letters up to 250 grams are reserved to Australia Post – other people and businesses can only carry them if they charge four times the basic postage rate. All of the other goods and services provided by Australia Post are sold in fully competitive markets and, in 2005–06, nearly 90 per cent of the corporation’s profit (from ordinary activities before net interest and tax) came from selling products and services in competitive markets.
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Famous quotes containing the words current and/or activities:
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