Malcolm Turnbull (Wentworth, Liberal Party, Minister for Communications) Share this | Hansard source

The honourable member would be well aware that it was tabled, actually, in the Australian Financial Review, so it is hardly a secret!

But yet, there is more—there is a great deal more. On the weekend we learnt that the Labor government had been advised by its investment banker, Lazard, that the NBN, on the government's plan, was going to result in a $31 billion loss—a negative net present value. And they did not share that with anyone. The NBN has been the characteristically reckless Labor undertaking from the very start—from the moment it was conceived by Senator Conroy and Kevin Rudd on the back of a beer coaster on a VIP flight.

And that beer coaster should be elevated. It should be an exhibit in Labor's pool room of horrors, it really should.

Honourable members interjecting—

No! It should be there with other historic artefacts, such as the fridge at the Lodge on which Prime Minister Gough Whitlam approved the Khemlani loans arrangements, to bypass the loans council. And, of course, the Labor pool room of horrors should not be without the lazy susan from the Hong Ho Vietnamese restaurant where the Leader of the Opposition plotted the downfall of Kevin Rudd!

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