A statement released yesterday revealed that Telstra, Cable & Wireless Optus, Vodafone and AAPT had jointly spent $270 million on year 2000 preparedness by May 14 this year.
And, according to the statement, the companies plan to have spent $540 million on Y2K by June 2000.
According to the statement on the Y2K readiness of the communications sector, from Senator Richard Alston, Federal Minister for Communications, Information Technology and the Arts, all companies surveyed report their Y2K projects are on track.
Covering the period to May 14 1999, the statement reports on companies responsible for 13.5 million telephone lines.
"Preparations for Y2K readiness are progressing soundly and the report is positive overall," Alston said.
"The government is particularly encouraged by the various efforts of industry participants in pursuing vendor compliance statements, working on interconnection strategies with domestic and international carriers and undertaking consumer information strategies," Alston continued.
However, he expressed disappointment that many smaller carriers, and customer premises equipment (CPE) providers had not reported on their preparedness.
"Only six out of the 14 CPE providers reported their progress. This is disappointing and the government supports ACA (Australian Communications Authority) efforts to improve reporting in this area."
Meanwhile, tests have confirmed that dates are not passed between networks during cross-network service provision, limiting the potential for Y2K problems