You can blame Prime Minister Scott Morrison, who turned $12k worth of watches into a million dollar pay out by taxpayer shareholders and the loss of the best CEO of Australia Post in the process.

I don't have a problem with a price increase, 1.4% will recoup the one million dollars within a day.  I do have a problem when I get nothing much back though.  If the increase results in an improvement in delivery times that is justified.  At the end of the day it's our customers who end up paying for it.

What annoys me is the price increase is aimed at the eCommerce businesses who contribute more towards Australia Post revenue than personal customers.  It should apply across the board to be fair.

Meanwhile over at Toll / Global Express Christine Holgate must be smirking at this increase.  I look forward to some real competition in the parcel delivery space in the near future instead of being screwed by Australia Post over and over again.