Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Postage rate not affected by end of 5-cent coin

29 March 2006

For immediate release

New Zealand Post advises standard postage rate not affected by withdrawal of 5-cent coin

New Zealand Post today confirmed that the removal of the 5-cent coin from circulation would not impact the rate of standard postage.

New Zealand Post Spokesperson Mike Hartley said “while the nuts and bolts of how New Zealand Post manages the withdrawal of the 5 cent coin are still to be finalised, we can advise that the standard postage rate of 45-cents will not be affected.

“For customers who choose to purchase a single postage stamp by cash once the 5-cent coin has been withdrawn a rounding-up policy will apply.”

A recent New Zealand Post customer survey found that the majority of customers preferred to purchase stamps in a book of 10 rather than as a single item because it was more convenient.

The 5-cent coin will be withdrawn from circulation on 31 October 2006, following a 3-month transition period beginning on 31 July 2006.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>