NZ Post
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| State-owned enterprise | |
| Founded | 1 April 1987 |
| Headquarters | Wellington, New Zealand |
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Key people
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Jane Taylor (Chair) Brian Roche (CEO) David Walsh (CFO) |
| Products | Mail service, retail, service centre, banking, air freight, ocean freight, 3PL warehousing, global logistics |
| Subsidiaries | Kiwibank, CourierPost |
| Website | www |
New Zealand Post is a state-owned enterprise responsible for providing postal service in New Zealand.
The company was created on 1 April 1987 as a state-owned enterprise from the corporatisation of the New Zealand Post Office, a government department, following the recommendations of the 1986 Mason-Morris Review. The other state-owned enterprises formed from the New Zealand Post Office, the erstwhile monopoly telephone operator (Telecom Corporation of New Zealand Limited), and a savings bank (PostBank), were later privatised.
New Zealand Post began its life with 1,244 post offices, later rebranded as PostShops. Of these 906 full post offices and 338 postal agencies, 600 post offices or bank branches were downsized or closed after government subsidies expired in February 1988. As of March 1998, there are 297 PostShops, and 705 Post Centres. However, there are now more outlets than before corporatisation, with 2,945 other retailers of postage stamps.
There was a reduction in the "real" price of postage, with a nominal drop of the postage rate from 45 cents to 40 cents in 1996, and restoration of the 45 cent rate in 2004. Since then the cost has risen to 50 cents in 2007, to 60 cents in 2010 and to 70 cents in 2012. On July 1st 2016 postage for standard letters will increase by 20 cents to $1.00 and Fastpost by 40 cents to $1.80.
As at 30 June 2004, the makeup of retail outlets was stated in New Zealand Post's 2004 annual report as (minimum as per government regulations in brackets):
The Lange government's Postal Services Act 1987 also reduced the monopoly of New Zealand Post to a limit of $1.75 and 500 grams. It was gradually reduced to 80 cents in December 1991 until the 1998 legislation took effect.
The Postal Services Act 1998, passed by a National-New Zealand First coalition government, repealed the 1987 Act. The new law provides for any person to become a registered postal operator by applying to the Ministry of Economic Development (now Ministry of Business, Innovation and Employment). Registration as a postal operator is compulsory for letters with postage less than 80 cents. Despite the Act, government regulation of the company still requires it to maintain certain minimum service levels, such as frequency of delivery.
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Wikipedia