Trevor Veale

Stamp price rise on the cards

AUSSIES could start paying $1 for regular stamps, if Australia Post's application to the government is approved.

The move comes as the postal service attempts to rectify losses of more than $300million a year due to decreasing letter volumes.

Regional Australians will also soon face the added impost of a "two-speed" letter delivery system, after Communications Minister Malcolm Turnbull endorsed Australia Post's plans.

The "priority" and "regular" services are expected to start in September.

It means letters posted under the new regular service will be delivered two days slower than normal, while people will have to pay extra for the priority service.



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