Julia Gillard is forced to release some of the business case for her national broadband network, and the figures are huge:
THE National Broadband Network’s pledge to pay back $27.1 billion in taxpayer funds rests on the ability to sign up 8.3 million customers.
It also needs to get a favourable ruling for a business plan that extends its monopoly.
The NBN Co business case summary, released yesterday after pressure from independent senator Nick Xenophon, is short on detail on the rates of return the project will deliver or its pricing, and falls far short of the cost-benefit analysis the Coalition and prominent business leaders have been demanding.....Read more
Opinion: How in the world can any politician pass legislation based on a 36 page summary of a 400 page detailed report? The public, paying for this eventual white elephant, has a right to see the total report now not some time in the future , its like giving a blank cheque to someone, this government is based on and gained power by lies to the voters why is this report being stalled from scrutiny?