Australia Post and Rural Bank announce proposed partnership

POAAL welcomes today’s announcement of a proposed partnership between Australia Post and Rural Bank to distribute banking services via regional and rural post offices.

POAAL CEO Ian Kerr said that this new partnership should provide a welcome new business stream for Licensed Post Offices in rural areas.

“The proposed partnership will take advantage of Australia’s largest physical retail network – the post office network – and build upon the trusted post office brand,” he said.

Most post offices in rural areas are Licensed Post Offices. “Our members will be pleased to see a further diversification of the products and services available in their businesses.  We look forward to discussing this proposal with Australia Post and in particular the financial benefits that it may hold for our members,” Mr Kerr said.

There will also be benefits to local communities.  “Many rural communities suffer from lack of access to financial services.  This proposed partnership will boost the range of financial services available to rural communities at their local post office,” Mr Kerr said.