The offices of Paul Fletcher Minister for Communications Urban Infrastructure Cities and the Arts and Simon Birmingham Minister for Finance, announced that the Morrison Government has appointed current NBN Co Board member Ms Kate McKenzie to the role of Chair, and Ms Nerida Caesar as Non-Executive Director to the Board for a term of three years, effective 1 January 2022.
NBN Co generated total revenue of $4.6 billion in FY21, an increase of 21% year-on-year. Driving the revenue was the addition of 933,000 residential and business premises that connected to the network in the last 12 months and a total of 8.2 million premises connected to the network at 30 June 2021.
Any time the NBN Co is taking a hammering over the abysmal speeds on the network which it is building at a cost of $57 billion — and still counting — there is a bid to make things look better.
The NBN Co has indulged in various kinds of spin over the years to project itself as an organisation that is doing a brilliant job at rolling out a broadband network in Australia and thus its latest stunt, to keep some of its accounts hidden and reveal them only at the half-year and full-year results stages, should not come as a surprise to anyone.
The Federal Government has awarded a developer of utility-scale energy storage facilities a sum of $6 million to build Australia's first compressed air energy storage project.
NBN Co chief executive Mike Quigley has told a senate committee the national broadband network roll-out would make use of locally-produced product to the "maximum extent," dismissing analysis that Australian firms and Australian staff were being by-passed.
Shadow communications minister Malcolm Turnbull's private members bill seeking to force Government to conduct a cost benefit analysis of the National Broadband Network has been defeated in the lower house by a single vote.
The NBN Company business case will not be made public until next month, despite mounting pressure from the Opposition and the Greens for the release of the document.
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