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Australia Post reports $200m annual loss, its first since 2015, amid push to close city branches
(www.theguardian.com)
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As someone who has lived in rural Australia - they barely service anywhere outside of metro areas.
My brother lives just an hour from a major regional city (population 150k), on the outskirts of a relatively large town, only a five min drive to a large post office that serves tens of thousands of people. He still doesn't get mail delivery and has to pay for a PO Box.
In fact - the private couriers offer far better service for his address.