Federal Government will “never” release NBN Co business plan

Communications Minister says it is “absurd to suggest or even think it is going to happen”

The Federal Government will “never” release NBN Co’s business plan according to communications minister, Senator Stephen Conroy.

Speaking at a Senate Estimates hearing, Conroy said it would be “absurd to suggest or even think it is going to happen”

The minister had interjected on behalf of NBN Co chief executive, Mike Quigley, who said the company has a draft three-year corporate plan that includes a business case.

“We have had a number of discussions on draft business cases as we have been going along,” Quigley said. “We’ve kept the government informed of the development of the business case.”

However, neither Quigley nor Conroy could say whether the business case would be submitted in final format by 31 May, as has been previously stated.

“…the government will not be releasing the business plan. It does not release the business plan of Australia Post, it never released the business plan of Telstra and it is absurd to suggest or even think it is going to happen that the business plan of NBN Co will be released publicly by the government,” Conroy said.

When pressed to provide further details on the business case, Quigley said he would be happy to repeat previous publicly made quotes on headline figures but couldn’t offer further detail.

“What I am not happy to do and wouldn’t have been at that event [CommsDay summit in Sydney], and I can’t here now, is give the details behind that, to quote all of the figures that build up that conclusion,” Quigley said.

He added he will not provide them on notice also as it is for the company to provide to shareholders.

“As I have said, we have provided draft business cases and overall plans but there are still some issues that are under discussion with the government,” Quigley said.

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Tags NBNnbn coSenator Stephen ConroyNational Broadband Network (NBN)Mike Quigley

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