Stamps to cost 60 cents

Australia Post is seeking a five-cent increase in the price of a basic postage stamp, less than a year after a similar increase.

The decision to increase the stamp price from 55 cents to 60 cents in early 2010 is subject to approval by the Australian Competition and Consumer Commission.

Australia Post said rapid growth in areas such as western Sydney, south-east Melbourne, south-east Queensland and parts of Western Australia would add 2.5 million new delivery points over the next decade.

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