In this edition of the NBN round-up:
- The NBN Co Business Case Summary was released by the Australian government on 24 November 2010 and is now available at the NBN Co website www.nbnco.com.au.
- The Australian government introduced two Bills into Parliament
on 25 November 2010 to set out the regulatory framework for the
NBN. The two Bills are:
- National Broadband Network Companies Bill 2010 (Companies Bill)
- Telecommunications Legislation Amendment (National Broadband Network - Access Arrangements) Bill 2010 (Access Bill).
- The Commonwealth Parliament passed the Telecommunications Legislation Amendment (Competition and Consumer Safeguards) Bill 2010 on 26 November 2010.
Release of NBN Co Business Case Summary, 24 November 2010
The Australian Government has released the much awaited NBN Co Business Case Summary, which is now available at the NBN Co website www.nbnco.com.au.
BILLS AND LEGISLATION
Telecommunications Legislation Amendment (Competition and
Consumer Safeguards) Bill 2010 is passed, 26 November 2010
The Commonwealth Parliament passed the Telecommunications Legislation Amendment (Competition and Consumer Safeguards) Bill 2010 on 26 November 2010. The Bill contains a package of legislative reforms with three main parts:
- reforms dealing with the structural separation of Telstra;
- streamlined access and anti-competitive conduct regimes; and
- strengthened consumer protection measures including the Customer Service Guarantee, the Universal Service Obligation and priority assistance.
Once it receives Royal Assent the Bill will amend the Telecommunications Act 1997, the Competition and Consumer Act 2010, and the Telecommunications (Consumer Protection and Service Standards) Act 1999.
Regulatory framework for the NBN is set out in two new Bills introduced on 25 November 2010
The Australian government introduced two Bills into Parliament on 25 November 2010, which set out the regulatory framework for the NBN. The two Bills are:
- Companies Bill
- Access Bill
The Companies Bill establishes the regulatory framework for the ownership, operation, governance and eventual sale of NBN Co and sets out obligations on NBN Co to limit its operations to wholesale-only telecommunications.
The Access Bill amends the Telecommunications Act 1997 and the Competition and Consumer Act 2010 to introduce new access, transparency and non-discrimination rules relating to the supply of wholesale services by NBN Co.
The NBN proposal as it stands has some serious issues, 23
The Australian reports that the NBN will connect fibre to the house at an additional cost of $1 billion and considers the practical implications of the NBN proposal as it stands, including issues surrounding the replacement of the current copper wire land line services with an optical fibre land-line service.
No answers on universal service, 25 November 2010
The Australian reports on the NBN Co Business Case Summary released by the government and considers the issue of how and at what cost ordinary telephone services will be provided to consumers.
Fresh hope for Telstra investors as $13.8bn cash from
NBN puts floor under the stock, 26 November 2010
The Australian reports that while there are few details in the business NBN Co Business Case Summary released by the government, investors were encouraged by the confirmation Telstra would receive $13.8 billion in cash payments under its deal with the NBN Co, giving Telstra's share price a boost.
Reserve Bank backs scrutiny for the National Broadband Network, 27 November 2010
Reserve Bank governor Glenn Stevens has entered the NBN debate calling for a cost-benefit analysis before the public sector uses its balance sheet to fund the major project, reaffirming Treasury in its Red Book advice to the government and reflecting petitions by the Business Council of Australia and the recommendation of the Organisation for Economic Co-operation and Development.
Telco sees growth with NBN, 1 December 2010
Vodafone Group chief executive Vittorio Colao has suggested that Vodafone could use the NBN to provide new fixed line services to customers to intensify competition with its rivals Telstra and Optus.
Passage of NBN bill signals a dark day for telecom competition, 1 December 2010
The Australian reports on numerous troubling features of the NBN legislation that was passed by the Commonwealth Parliament on 26 November 2010, including reduced competition in the telecommunications industry and the significant risk exposure of taxpayers given that approximately $35 billion of the $49 billion forecast spending will be tax payer funded.
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