No
australia
Local government powers are spelled out in the relevant acts of the relevant state or territory governments. AFAIK, none have given them the power to regulate post.
In theory, a state government could give them that power or regulate it themselves, but post and telecommunications is an enumerated power of the Commonwealth, which means that if any of their regulations conflicted with Federal law they would be invalid.
In particular, they can’t impose any regulations on Australia Post, the Commonwealth statutory corporation responsible for delivering letters, which has a large and very profitable direct marketing delivery business. They could still regulate private actors but I think they take the sensible attitude of why bother?
The Federal government could impose such regulations and has a ministry responsible for doing so. While they have imposed anti-spam restrictions on electronic marketing, they have not on post marketing because they believe that the cost falls mainly on the marketer in the first instance but mainly on the consumer in the second.
I challenge your assertion that it is a “waste of resources”. The marketers are clearly happy to invest time and money in these campaigns, so they clearly believe the benefit outweighs the cost — they may not benefit you, but they benefit enough people that the marketer has a positive return on their investment.
Also “inconvenience” is really not a basis for government regulation. It’s only when the actions of others rise to the level of actual harm that government intervention, through regulation or the courts, is warranted.