Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

Thank you, Mr President. And this includes the commercial negotiations of definitive agreements with Telstra. It would be utterly irresponsible to release this information. The sensitive nature of the business plan was further confirmed by Mr Quigley last week in his letter, and his letter was very, very specific. I am happy to point out and read to the chamber what Mr Quigley said. His letter outlines that the peak equity requirement of the project approximates that predicted by the implementation study. The total capital expenditure is substantially lower than predicted by the implementation study—noting that the plan is based on significantly different assumptions, including a deal with Telstra and independent advice based on borrowing capacity. The NBN Co. has assumed a uniform national wholesale price for its basic service offering of 12 meg downstream and one meg up. And NBN Co.’s business plan projects that prices will be reduced— (Time expired)