Shareholder communications with Australia Post stopping daily delivery
With Australia Post’s announcement that it will no longer guarantee daily delivery of post, but will charge a premium for daily delivery, companies need to consider when they will pay the premium for shareholder communications. Options to consider include whether to pay the premium for capital raisings, dividend mailings (cheques) and general meeting materials.
Importantly, constitutions should be reviewed to ensure that the wording has sufficient breadth to cover non-guaranteed daily delivery. For example, wording such as ‘deemed delivered 1–2 days after despatch’ or ‘deemed delivered at the time of mailing’ may be required.
Of course, seeking opt-in from shareholders to receive communications electronically will also be of assistance.