Stephen Mayne

They're simply passing on the rising costs that every other business is facing and they've got falling volumes obviously.

But those who are still reliant on the postal service are getting absolutely stiffed.

So Matt's right.

And what do you do?

I mean, should the government just overtly subsidise Aussie Post and provide services at below cost?

Where are you on something like that?

It's actually interesting.

I keep hearing from companies and the share registries about how Aussie Post keeps putting the prices up so much it's prohibitively expensive to send out notices of meeting

by post or capital raising offers by post.

And so we've had this collapse in participation in voting.

It's below 1%, basically.

And you get these hopeless levels of participation in capital raisings.

And one of the reasons for that is it's so prohibitively expensive to use the old paper method, which had much higher levels of engagement in both voting and participating in capital raisings.

Oh, look.

I think I had – there was one time I ran for the Commonwealth Bank Board, I think 70,000 people voted.

Because everyone got a paper ballot and then a reply paid envelope.

So you'd fill it out and you'd pop it back and the company would pay for the post.

Now –

You just get a little email saying, click here, go online, and no one does it.

No one even knows there's a capital raising offer and participation rates, even when they're wildly in the money, a participation rate in a capital raising like a share purchase plan will often be 15%.