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“For customers who choose to purchase a single postage stamp by cash once the 5-cent coin has been withdrawn a rounding-up policy will apply.”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The 5-cent coin will be withdrawn from circulation on 31 October 2006, following a 3-month transition period beginning on 31 July 2006.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news