Australia Post chief executive Christine Holgate has handed in her resignation.

Ms Holgate announced on Monday afternoon that she had offered her resignation “with immediate effect”.

“I am not seeking any financial compensation,” she said.

Her resignation comes after Communications Minister Paul Fletcher and Prime Minister Scott Morrison demanded an investigation into the purchase of four Cartier watches worth $20,000 as gifts to senior executives in 2018.

The purchase of the watches was revealed in Senate Estimates last month.

Mr Morrison told Parliament he was “appalled” and that the gifts…



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