The supply of Postal Services has been declared to be a regulated Industry pursuant to section 19(1) of the Postal Services Act 1996 (hereafter the ‘Postal Act’).
The Minister for Treasury declared under section 32 of the ICCC Act that:
• The supply of Postal Services has been declared by the Treasurer to be a regulated service pursuant to section 32(1) of the ICCC Act.
• Post PNG Limited (hereafter ‘Post PNG’) to be a regulated entity pursuant to section 32(2) of the ICCC Act.
Post PNG is the monopoly provider of reserved postal services within Papua New Guinea and between Papua New Guinea and other countries, pursuant to section 10 of the Postal Act.
The commission regulates Post PNG in accordance with the regulatory requirements set out under the Postal Services Regulatory Contract (Regulatory Contract). The regulatory Contract between the ICCC and Post PNG was established pursuant to the section 35 of the ICCC Act and the Postal Act.
In accordance with the Regulatory Contract, the ICCC is responsible for setting the:
• Prices for standard letter stamps (50grams or less) for both domestically and international mail;
• Rental of private letter boxes (small, medium, large); and
• Private mail bags.
The previous Regulatory Contract expired in 2011 hence; the review process is currently underway for a new Contract to be established for the next regulatory period.
The new Contract will replace the Previous Regulatory Contract and it shall apply retrospectively on and from the expiry of the Previous Regulatory Contract.