• The old New Zealand Post Office splits into three separate state owned enterprises on 1 April – New Zealand Post Limited, Telecom Corporation of New Zealand Limited, and Postbank Limited.   
• SOE Minister announces that 432 Post Offices are to close with 560 jobs to go (16 October).

• New Zealand Post announces a first year after tax profit of $72 million and a 25% cut in recurring costs (for year ending March 1988).
• Mail re-classified by size not weight, with three price steps - medium, large and extra large envelopes (a world first for the postal industry).
• FastPost, the overnight mail delivery service, introduced.
• Datamail, a 50/50 joint venture direct marketing business established, offering business customers a bulk mail data processing and address labelling service.
• Government announces its intention to sell New Zealand Post and deregulate the postal market.

• Government advises New Zealand Post that it has 'decided not to proceed to full competition in postal services.' Instead, there will be a staged programme of deregulation.
• CourierPost and its innovative Track & Trace technology launched in August.
• End of year after tax profit - $31 million.

• New Zealand Post establishes its own airline, Airpost, in a joint venture with Airworks (NZ) Limited.
• End of year after tax profit - $53 million.

• Standard letter price raised from 40 cents to 45 cents.
• End of year after tax profit - $30 million.

• Rural Delivery fee doubled from $40 to $80 per year (1 April).
• The first of seven OCR (Optical Character Recognition) machines are installed in Auckland, Wellington and Christchurch Mail Centres.
• End of year after tax profit - $5 million.

1993

• Elmar Toime appointed chief executive.
• National Government pledges that New Zealand Post will not be put up for sale in the foreseeable future.
• End of year after tax profit - $37.4 million.

1994

• New Zealand Post named 'Company of the Year' in the Deloitte/Management magazine top 200 company awards.
• End of year after tax profit - $66.7 million

• Rural Delivery fee abolished.
• Standard letter price reduced from 45 cents to 40 cents in October.
• End of year after tax profit - $72.4 million.

1996

• Letter volume growth of 5% achieved for the fourth year in a row.
• New Zealand Post International Limited set up to develop an international advisory service.
• Free Post day results in a record 6.7 million letters posted on 1 July.
• End of year after tax profit - $75.2 million.

• PostLink II – a revolutionary computerised point of sale system – is rolled out to 296 PostShop. It is the first fully integrated EFTPOS system in Australasia (February).
• All PostShops gain ISO 9000 accreditation.

• Acquisition of XP Group (NZ) Ltd in January.
• Deregulation of standard letter market from 1 April.
• Rural delivery points exceed 150,000 for the first time.
• End of year after tax profit - $18 million.

• Profit and letter volumes increase despite first full year of competition.
• New Zealand Post wins Best Corporate Strategy Award (Management Top 200 Awards 1998) for its deregulation strategy.
• New Zealand Post International Limited wins five-year management contract for Trinidad and Tobago Post.
• Acquisition of Ansett Express Ltd in July.

• Total mail volumes increase 5%, driven mainly by strong growth in unaddressed advertising mail, with letter mail volumes static over the same time the previous year.
• Australian courier business, Couriers Please, purchased in July.
• The Electoral Enrolment Centre maintains enrolment levels at 91%.
• Tax paid profit of $30 million, up 31% on the previous year.

• Domestic letter volumes fall by 1.6%.
• Strong growth (4.6%) in unaddressed advertising mail.
• Service performance above target at 95.7% of mail delivered on time.
• Shareholding Ministers approve the provision of equity to establish banking services.
• New Zealand Post wins Deloitte/Management Top 200 Brookfields Business Ethics Award.
• Tax paid profit of $21.0 million.

• Kiwibank launches successfully with 211 branches open nationwide by 30 June.
• Transend signs a two-year management services contract with Maltapost and takes a 35% equity share.
• The mail out of 2.6 million enrolment update packs contributes to the highest ever mail volumes in one day with 6.9 million items processed.
• The Electoral Enrolment Centre increases enrolment levels to 94.2% by Election Day.
• Service performance increases to 96.1% mail delivered on time.
• Tax paid profit of $21.9 million.

• John Allen appointed as Chief Executive of New Zealand Post.
• Kiwibank customer numbers increase to 147,000, with 285 Kiwibank branches nationwide.
• New Zealand Post’s retail network handles close to 19 million financial transactions on behalf of more than 60 of the country’s major organisations collecting around $2.75 billion in payments.
• In May, Red Tickets sells 26,000 tickets for the Blues v Crusaders Super 12 final at Eden Park, Auckland, in just 80 minutes.
• Email marketing specialist, MessageMedia, handles 7.5 million client e-mails over 12 months.
• Tax paid profit of $27.1 million.

• Service performance measure of on-time delivery of mail reaches 96.8% – one of the best annual results achieved.
• New Zealand Post acquires WH Smith’s 50% shareholding in Books & More, making it a wholly-owned subsidiary of New Zealand Post.
• Datamail acquires a 75% shareholding in Australian outsource company, Outsource Australia.
• The standard postage rate increases from 40 cents to 45 cents in April.
• The number of Kiwibank branches increases from 16 to 301.
• Kiwibank customer numbers exceed 250,000 by 30 June.

• The 50:50 joint venture between New Zealand Post and DHL for Express Couriers Limited (ECL) takes effect from 1 January.
• Overall mail volumes increase by 1.4%.
• Kiwibank launches business banking aimed at small and medium businesses.
• Our first coloured coins are released on behalf of the Reserve Bank of New Zealand, to commemorate the 90th anniversary of the first major military action fought by the ANZACs at Gallipoli.
• The Electoral Enrolment Centre enrols 95.2% of the estimated eligible voting population
• After tax profit of $137.2 million reflects the significant contribution of the joint venture through ECL – excluding the gain on sale of the joint venture, net profit after tax of $58.6 million.

• New Zealand Post’s new four-digit postcode system is launched on 1 June.
• Kiwibank acquires a 51% shareholding in New Zealand Home Loans.
• New mail processing technology is installed at Te Puni Mail Centre in Wellington, and the Dunedin mail centre as part of an $80 million investment in future-proofing our postal business.
• After tax profit of $68.7 million.
• Datamail acquires Moore Gallagher’s mailhouse business in April.
• As part of the Year of the Dog stamp issue, a Braille stamp is issued for the first time in New Zealand.
• Mobile banking is launched by Kiwibank – the first of its kind in New Zealand.
• 1,000,000 postage-included envelopes are provided to more than 4,200 community groups through our Community Post programme.