Posted October 09, 2018 07:24:18The Australian Postal Service (APS) has been hit with more than $300 million in penalties, with the Government confirming it has agreed to repay more than half of the fine.
The penalty agreement was reached with the Federal Court on Tuesday, after APS agreed to pay $23.9 million and pay $16.5 million in interest over a four-year period.APS has already paid more than US$3.6 million of the total $300.3 million in fine.
The remaining $22.3.5m was due to be paid to a number of other entities, including the Government.APSB spokesperson Chris Brown said APSB had been told of the penalty agreement and that it had “accepted the terms”.
“We are pleased to have reached an agreement with the ACCC to pay back the full amount of the penalties and will continue to work with the organisation to implement this agreement,” he said.
Mr Brown said the penalty would not affect the ability of APS to continue to operate.
“The ACCC will continue its investigation into the matter and APSB will continue working with the Commission on this matter,” he added.
Mr Rudd said the APS had a “good record” in providing “fantastic service to Australians” and would continue to deliver that service.
“We’ve been making progress in delivering the Australian people’s mail for many years, and the APSB is working hard to deliver on that promise,” he told reporters.
“That’s why we have agreed to settle the matter with the APSA and I expect it will deliver on the promise to pay a fair share of the bill.”APS’ Chief Executive Mark Hales said the agreement would “support the integrity of the Australian Postal Services” and he was “extremely proud” of the “long-term” relationship between the organisation and the Government it has been “building”.
“The APS is proud to be part of the Commonwealth’s postal service,” he wrote in a statement.”APS remains committed to ensuring that all Australians, regardless of age, gender or economic background, can access the Australian post service in a safe and effective manner.”
The ACCP said the settlement would not apply to any other mail-delivery service, including Postmates and SBS.
“This settlement will not affect postal services that operate in NSW, Victoria, South Australia, Tasmania, the Northern Territory, Queensland and New South Wales,” it said in a release.
The ACC has previously issued fines against other Australian organisations, including mobile phone provider Telstra, but APS was the first to face fines in the national postal scandal.