Greens propose debt relief for NBN Co
The Australian Greens say the NBN should prioritise the provision of an essential service ahead of cost recovery.
The Australian Competition and Consumer Commission’s communications sector market study draft report published earlier this week makes several references to the possible need for the Commonwealth Government to provide debt relief to NBN Co so that it can meet its responsibility to provide services to "uneconomic parts of Australia."
Greens communications spokesperson Sarah Hanson-Young explained that the party would investigate legislative options to support the debt write down.
“Rolling out the NBN has put too much pressure on recovering NBN Co’s costs rather than providing an essential service to Australians. We need to stop thinking of the internet as a profit-making endeavour and start treating it as an important utility like water or electricity,” Ms Hanson-Young said.
“A clear path forward is writing down the debt and moving on with providing world-class internet for all Australians.
“The business model was wrong from the beginning, contributing to ballooning debt for a service Australians are losing faith in. Neither the ALP, or the LNP Government, are willing to acknowledge they stuffed up and the debt needs to be written down. Australians deserve better.
“A staggering 93 per cent of Australians consider the internet is an essential service; well, it’s time the LNP Government caught up with the public and supported measures being taken to prioritise this service.
“As a member of the Joint Standing Committee on the National Broadband Network, I’ll be putting this issue on the agenda to examine a restructure of NBN Co, giving industry, NBN Co and the ACCC the opportunity to rationally discuss this problem and find the best way forward.
“Our world is becoming more connected every day and we are lagging behind as a nation. It is unsurprising that half of Australians have lost hope that the NBN will meet the country’s future internet need – when it’s not meeting our current needs."
What do you think of the Greens proposal to fix the NBN. Should the internet be treated like other key infrastructure projects, or should it exist to make a profit?
Privatise the damn thing and let competition for the provision of this service flourish