Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

Just to add to this, as an example—and this is a statement from Telstra to the ASX—the transaction, if completed, would deliver a post-tax net present value of approximately $11 billion. It does not say when. This includes payment for the decommissioning of Telstra’s copper network and cable broadband services—it does not say when—the use of Telstra’s infrastructure and the value to Telstra of avoiding costs including USO costs. Payments would be made progressively to Telstra. It does not say when and on what basis. So I think there is a common interest in having more information provided in due course.

Finally, will the minister undertake on behalf of the government that, if there are any changes to the resource super profits tax, at the time of the announcement of those changes there will be full disclosure about the impact on the budget?

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