Mitch Fifield (Victoria, Liberal Party, Manager of Government Business in the Senate) Share this | Hansard source

It is a big contrast. Nbn did release their results for the first quarter of 2016 today which show that the company is making good progress in construction, network connections and revenue. Compared to a year ago, the number of homes ready for service had almost doubled to more than 1.38 million. That trend is in line with the company's corporate plan target and it is aiming to double the rollout footprint each year over the next three years. The number of active users on the NBN network has also increased by nearly 130 per cent compared to the same quarter last year to reach over 600,000 premises to date. And revenue is also positive for NBN. The earnings from the previous quarter reached $71 million, an increase of more than 150 per cent compared to the same quarter last year. This does reflect the steady progress that the company is making, and I have got to say it is good news that, for the first time in NBN's history, targets are being met.