Sticking out of the window of the Australia Post shop on Park Street South Melbourne is an Australia Post branded ATM. This ATM has appeared in an area well serviced with ATMs by banks and other commercial operators.
There was no need for Australia Post to enter a well serviced marketplace, no need for this government owned monopoly to leverage its protected name and status to take business from private enterprise.
This is what Australia Post has been doing for years – under successive Governments. There appears to be no stopping of the extent to which this wholly Government owned and protected enterprise will go to take revenue from the private sector.
The only value associated with this ATM is the Australia Post brand. The Australia Post brand only has value because of its government protected mail service. The government backing and guaranteed foot traffic makes it easier for Australia Post to make this move.
There is no point in complaining about this to the regulators, they will look into it and say that Australia Post is acting within the Act. I have been down that road before. This is a political problem which requires a political solution. What we need is politicians who care about business and, in paticular, small business.
Where will one of these Australia Post ATMs appear next? I will be interested to see how far this network grows.
I am grateful to a reader of this blog for the tip and photo.