state owned enterprise founded 1 april 1987 headquarters wellington new zealand key people michael cullen chair brian roche ceo david walsh cfo products mail service retail service centre banking air freight ocean freight 3pl warehousing global logistics subsidiaries kiwibank courierpost website www.nzpost.co.nz a nz post box with slots for two types of mail new zealand post is a state owned enterprise responsible for providing postal service in new zealand . contents 1 history 2 regulation 3 operations 4 see also 5 references 6 external links history edit the company was created on 1 april 1987 as a state owned enterprise from the corporatisation of the new zealand post office a government department following the recommendations of the 1986 mason morris review . the other state owned enterprises formed from the new zealand post office the erstwhile monopoly telephone operator telecom corporation of new zealand limited and a savings bank postbank were later privatised . 1 new zealand post began its life with 1 244 post offices later rebranded as postshops . of these 906 full post offices and 338 postal agencies 600 post offices or bank branches were downsized or closed after government subsidies expired in february 1988 . as of march 1998 there are 297 postshops and 705 post centres . however there are now more outlets than before corporatisation with 2 945 other retailers of postage stamps . citation needed there was a reduction in the real price of postage with a nominal drop of the postage rate from 45 cents to 40 cents in 1996 and restoration of the 45 cent rate in 2004 . since then the cost has risen to 50 cents in 2007 to 60 cents in 2010 and to 70 cents in 2012 . on july 1st 2016 postage for standard letters will increase by 20 cents to 1.00 and fastpost by 40 cents to 1.80 . regulation edit as at 30 june 2004 the makeup of retail outlets was stated in new zealand post s 2004 annual report 2 as minimum as per government regulations in brackets postshops including franchised postshops and takenote outlets 323 minimum 240 post centres 698 no minimum total 1 021 minimum 880 the lange government s postal services act 1987 also reduced the monopoly of new zealand post to a limit of 1.75 and 500 grams . it was gradually reduced to 80 cents in december 1991 until the 1998 legislation took effect . since the deregulation of the postal sector different postal operators can install mail collection boxes in new zealand s streets . the postal services act 1998 passed by a national new zealand first coalition government repealed the 1987 act . the new law provides for any person to become a registered postal operator by applying to the ministry of economic development now ministry of business innovation and employment . registration as a postal operator is compulsory for letters with postage less than 80 cents . despite the act government regulation of the company still requires it to maintain certain minimum service levels such as frequency of delivery . new zealand post s exclusive right to be the sole operator under the act for the purposes of the universal postal union upu expired on 1 april 2003 . for practical purposes this meant another postal operator could theoretically issue stamps identified simply as new zealand with upu membership . at around the same time new zealand post adopted a fern shaped identifying mark on its postage stamps to be used on the majority of its future issues . citation needed since 1998 new zealand post has been legally obliged to deliver six days a week but in 2013 the company outlined a plan to reduce this to three in the wake of falling mail volumes . 3 prime minister john key backed the idea saying people genuinely understand that the world is changing . 4 operations edit new zealand post headquarters in wellington . in 1989 new zealand post established courierpost a nationwide courier company designed to protect the company s parcel business from private competition . by 1998 courierpost had become the number one player in the express courier market . 5 in 1999 new zealand post launched a 50 50 joint operation with blue star . the new brand books and more combined bookshop operations with the more traditional postshop services . after acquiring 100 % of the company in 2004 by this stage the other 50 % had been owned by wh smith owner of whitcoulls bookshops the entire operation was eventually sold to paper plus in 2005 and by 2006 all had been re branded as take note . 6 7 in 2002 new zealand post as part of government policy opened the bank kiwibank limited in the majority of its postshop and books and more now take note branches . kiwibank is wholly owned by new zealand post through subsidiaries . 8 in 2002 nz post bought the ecn group which is now new zealand post s corporate venturing arm . its purpose is to develop and market technologies and services that may replace or enhance new zealand post s traditional services . the ecn group focuses on b2b messaging business process management and systems integration with a presence in new zealand australia and asia . 9 10 new zealand post and kiwibank shop at the palms shopping centre in shirley christchurch in 2004 new zealand post announced the formation of express couriers ltd ecl a 50 50 joint venture with dhl . in 2008 new zealand post and dhl commenced a similar joint venture in australia called parcel direct group pty limited pdg . in 2012 new zealand post purchased dhl s holdings in these two companies . 11 ecl operates extensive courier and logistics services throughout new zealand and encompasses the courierpost pace roadstar and contract logistics brands . new zealand post also owned 35 % of it firm datacom group until december 2012 . 12 new zealand post also runs the electoral enrolment centre as a business unit under contract to the minister of justice . its function is to compile and maintain all parliamentary electoral rolls . current board members are michael cullen murray gribben carol campbell alan dunn philippa pip dunphy temuera hall richie smith richard ian leggat jacqueline jackie lloyd and david willis . 13 on 6 july 2010 new zealand post registered a 100 percent stake in localist limited a local directory and social media site focussing initially on the auckland region . 14 by end of june 2011 new zealand post will have 910 postal outlets and 280 postshop kiwibank stores after shuts and downgrades more than a dozen branches nationwide . to compensate the company was also planning to install new self service kiosks similar to atms for handling letters bill payments and parcels . 15 see also edit postcodes in new zealand references edit u.s. phone concerns in new zealand deal . new york times . 14 june 1990 . retrieved 2008 11 06 . 2003 2004 annual report pdf . corporate publications . new zealand post . archived from the original pdf on 22 may 2010 . retrieved 2 april 2016 . nz post to halve weekly deliveries . 3 news nz . 29 january 2013 . nz leads world in postal cuts . 3 new nz . 28 february 2013 . courierpost profile . web.archive.org 2000 05 17 . retrieved on 2013 07 16 . media release 2 february 2004 dead link company history paper plus group . archived from the original on 4 october 2009 . kiwibank limited 1135352 registered . companies office . nz post buys ecn . nz herald . 5 nov 2002 . ecn group archived 19 april 2012 at the wayback machine . new zealand post positions for the future new zealand post . nzpost.co.nz 2012 06 25 . retrieved on 2013 07 16 . datacom group limited . companies office of new zealand . 20 march 2014 . meet our board . view all details . business.govt.nz . retrieved on 2013 07 16 . small vernon 13 may 2011 . wellington branches among postshops to close . the dominion post . retrieved 11 september 2011 . external links edit wikimedia commons has media related to new zealand post . new zealand post limited postal policy at the ministry of business innovation and employment kiwibank limited new zealand post stamps centre v t e new zealand state owned enterprises part of the public sector organisations in new zealand airways corporation animal control products asurequality electricity corporation of new zealand kiwirail kordia landcorp learning media metservice new zealand post nz rail quotable value solid energy terralink nz limited transpower retrieved from https en.wikipedia.org w index.php title new zealand post & oldid 737034268 categories postal organisationsgovernment owned companies of new zealandpostal system of new zealandhidden categories all articles with dead external linksarticles with dead external links from july 2013articles with wayback machine linksuse new zealand english from january 2013all wikipedia articles written in new zealand englishuse dmy dates from october 2011all articles with unsourced statementsarticles with unsourced statements from may 2016articles with unsourced statements from october 2015commons category with local link same as on 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