The Australian Labor Party has described as "ridiculous" a claim made by the government that the NBN Co — which released its half-yearly results on Monday — was continuing to exceed its targets.
The Australian Labor Party has again hinted that it would look at a write-down of the value of the national broadband network if elected, a move that would bring down connection prices and help retail service providers.
The Australian Labor Party has labelled valuation claims of the national broadband network made by NBN Co chairman Ziggy Switkowski as bizarre and said no evidence has been produced to back up the price tag he has put on the company.
The Australian Labor Party has, predictably, slammed the Federal Government for avoiding any mention of what it calls "inconvenient metrics" in the NBN Co's first-quarter results which were announced on Monday.
The Australian Labor Party has questioned the value apportioned to the NBN Co by its chairman Ziggy Switkowski, who said during a Senate Estimates hearing that the company could fetch a price of $50 billion if it was sold post-2020.
The Australian Labor Party says it was not appropriate for the Federal Government to appoint a permanent chief executive for NBN Co, the company rolling out the national broadband network, this close to an election, especially given that the government is going through a great deal of turbulence.
The Australian Labor Party has written to the Australian National Audit Office seeking an independent assessment of key assumptions underlying the medium- and long-term financial projections of the NBN Co.
The Australian Labor Party has criticised the Coalition Government's approach to reform of the Universal Service Obligation, pointing out that it had managed to produce only a two-page response to the Productivity Commission's 450-page inquiry report into the USO.
Delays in getting HFC customers on to the NBN could cost between $420 million and $790 million, the Labor Party claims.
Two members of the Labor Party's shadow cabinet have called on Prime Minister Malcolm Turnbull to provide details about how the anticipated lack of income from the national broadband network will affect the federal budget.
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