Senate debates

Wednesday, 26 March 2014

Questions without Notice

National Broadband Network

2:58 pm

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Assistant Minister for Social Services) Share this | Hansard source

Ms Smith-Gander's remarks remind us of how important it is to learn why the NBN failed under the previous government. We are ensuring that the truth is told and that lessons are learnt. We asked NBN Co's new leadership to review the project. This work revealed the truth about Labor's plan: that it would cost $73 billion and take a decade to finish. We have asked KordaMentha to audit NBN Co's governance. That work is almost complete and we look forward to receiving it. We have also asked Mr Bill Scales AO, former chairman of the Productivity Commission, to audit the policy process which resulted in the NBN. It will be fascinating to learn what due diligence Senator Conroy and his colleagues undertook, it will be fascinating to hear from where they obtained their advice and it will be fascinating to learn the basis for Senator Conroy's promise that taxpayers would earn a return of 7.1 per cent on invested capital.


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