by Alan Thornhill
The proposed high speed National Broadband network has moved a step closer, with legislation, setting out its regulatory structure, passing both houses of Federal parliament.
A key independent, Tony Windsor, declared that he had been proud to support that legislation.
“For country people, in particular, there are some incredible opportunities,” the rural based independent said.
“A lot of those opportunities, haven’t been invented yet,” he added.
No-one is pretending that the NBN will be cheap.
A cost of $43 billion has been advanced, but that is not a final figure, by any means.
But a faster internet is clearly needed, to keep Australia competitive in the years ahead.
The proposed network’s champion,Stephen Conroy, said passage of the bills underpins the Government’s policy of promoting sustainable retail level
competition, and fair pricing of wholesale services for all Australians.
The Coalition, though, declared the network would be a monolith, that would dominate Australia’s telecommunications.
It argued that a much cheaper alternative, relying on competitive forces, would have achieved better results, for both business and consumers, much more cheaply.
The passage of the bills followed long and exhaustive debate in both houses of parliament, which spilt over in what had been scheduled as non sitting days.
“The Bills set out a clear regulatory framework to provide that NBN Co will operate on a wholesale-only, open and equivalent access basis, delivering long term benefits for competition and consumers,” Senator Conroy said.
He said described the passage of the Bills was “another step closer to an historic milestone.”
Rob Oakshott, Andrew Wilkie, Adam Bandt and Bob Katter also supported the bills.
Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.
Saturday December 7
Nelson Mandela dies
Australia’s first same sex marriages have taken place in Canberra, the first just after midnight
ACCC puts a cap on the fuel shopper dockets offered by Coles and Woolworths.
Qantas shares placed in trading halt
|Aud To Usd||0.9099||N/A||N/A|
|Bhp Blt Fpo||36.750||-0.030||-0.08%|
|Bramb Ltd Fpo||9.380||-0.040||-0.42%|
|Rio Tinto Fpo||66.410||+0.410||+0.62%|
|Macq Group Fpo||51.850||-0.750||-1.43%|
The News This Week
- Big fuel discounts to end
- Holden:What now?
- Qantas “under pressure” PM
- PM announces free trade agreement with the Republic of Korea
- Trade deficit jumps
- Deeming accounts:a warning
- The $A stumbles, then…
- Debt cap:the row continues
- Competition law review ordered
- Limitless debt:Hockey explains
- Federal debt cap to be scrapped
- Treasurers trade blows
- “This is what we inherited,” Hockey says as growth comes in at 0.6 per cent
- Services sector stirs
- Consumer confidence rises
- Airlines (81)
- Banking (2568)
- Business (2681)
- Communications (58)
- crime (15)
- Disaster (119)
- Economics (2653)
- education (1)
- Environment (128)
- Financial advice (2405)
- Health (102)
- Housing (710)
- Inflation (528)
- Insurance (107)
- Investment (2187)
- Markets (1984)
- Media (133)
- medical (41)
- mining (265)
- pay (110)
- Politics (2717)
- population (165)
- Regulation (1027)
- retirement (86)
- rural (14)
- Rural australia (113)
- Security (23)
- Social security (254)
- Superannuation (233)
- Tax (400)
- The latest (124)
- Trade (738)
- Uncategorized (391)