NBN board members
The board of NBN Co has offered to resign en masse, amid suggestions they do not have the confidence of the new Government.
Fairfax reported that chairwoman, Siobhan McKenna had submitted her resignation to the Minister for Communications, Malcolm Turnbull, along with the rest of the board.
It said former Telstra boss Ziggy Switkowski was waiting in the wings to be appointed executive chairman.
Kerry Schott is expected to be one of the only directors invited to stay on by Mr Turnbull, who has been highly critical of the board and the way the company had been run under the previous government.
The resignations have not yet been accepted by Mr Turnbull. A decision is to be made at a Cabinet meeting early next month.
Mr Turnbull has blamed the board and executive team for the massive cost blowouts, timetable delays and for contractors losing money.
The board clear-out is the latest upheaval for Australia's largest infrastructure project and highlights the task facing Mr Turnbull as he moves to implement the Coalition's vastly different plan for the project.
Former NBN chief executive Mike Quigley resigned in July ahead of the election.
Under Dr Switkowski three separate reviews and a forensic audit of NBN Co will be undertaken immediately to look at the ownership structure, which could include the private sector being invited to take equity to help fund the rollout.
NBN Co will switch from a fibre-to-the-home network to the cheaper fibre-to-the-node and fibre-to-the-basement network, which will require massive changes to contracts and relationships with contractors, Telstra and other networks.
It will require a renegotiation of the Telstra/NBN deal to arrange copper access and compensation as well as redesigning the rollout.
Edition 380, 24 September 2013