House debates

Monday, 3 March 2014

Questions without Notice

Broadband

3:06 pm

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

Now I know that in the fantasy land of the Labor Party economics is not a strong suit. But the reality is that, if you create a massively overcapitalised government monopoly—what is that going to do to prices? It is going to put them up; what else can it do? Thirty-two billion dollars additional investment is what we would see if we proceeded with Labor's program. And, according to the strategic review, that would increase monthly broadband prices by 50 per cent to 80 per cent per month. The people on the Labor benches are mocking and scoffing; they do not care about the battlers they claim to represent.

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