Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Senator Conroy does not like to hear the facts. The strategic review into NBN reveals that the cost of completing the NBN would soar to $73 billion—a staggering $29 billion more than we were ever told by Senator Conroy. Revenue to 2021 would be a staggering $13 billion less than asserted in NBN Co.'s most current corporate plan. Barely two in every 10 Australians would receive the NBN by 2016 and almost half would still be waiting by 2019. Australian households would pay up to 80 per cent more for broadband. The NBN would not be completed until 2024, which is 3½ years later than the completion date in the current NBN Co. plan. Remember Labor's promises in 2007? National broadband would be finished by 2013. It would be building partnerships with the private sector; it was going to cost taxpayers $4.7 billion. Every fact asserted by Senator Conroy and Labor about the NBN has been proven false.