Australia Post

The banks will fight it tooth and nail. Australia Post should become a bank, this would deliver significant competition to the country's banks through lower fees and lower-cost mortgages.

More importantly it will fill the gap of the big banks closing in huge numbers across most regional centres...it just makes good sense that all towns have the post office anyway...why not expand their services, improve profitability and reduce banking costs for people in all regional towns...the cost to benefit ratio would be more than positive.

Australia Post could exercise its sovereign guarantee and trusted position to access funding cheaply to on-lend to its customers. This lower cost of capital would force the banks to be more competitive in their lending practices.

The move is a no-brainer, if Australia Post were to move into banking with a Community Service Obligation rather than a mandate to maximise profits for shareholders, its cost of delivering banking services would be extremely competitive.

Australia Post becoming a bank, has a network of almost 7,000 offices across the country, great idea the sooner this happens the better for the people of the Parkes electorate and all remote regional area's for that matter.

Vote 1 Stuart Howe, Parkes 2025 fighting for you.