NBN Co to review
NBN Co is to begin a strategic review under new Chair Ziggy Switkowski into the progress and cost of the National Broadband Network.
cost of project
The Minister for Communications, Malcolm Turnbull said the review would set out the true costs, in time and dollars, of the NBN Co project under the previous Government's policy settings.
''This work will inform the NBN Co into how it can deliver the network sooner, cheaper for taxpayers and at less cost for consumers,'' he said.
The review will report on the progress and cost of the rollout and NBN Co's financial and operational status.
It will compare the estimated time and cost to complete the NBN under a fibre to the premises model with that of other options such as increased use of fibre to the node, as well as the economic viability of the NBN Co under alternative strategies.
The review will investigate the implications of capital costs and principles of cost recovery for wholesale and consumer prices under existing and alternative strategies.
It will also recommend any organisation restructuring, changes to the construction model and a revised NBN Co strategy to achieve Government policy objectives.
There have also been made major changes to the Board and senior management of the NBN Co.
Dr Switkowski has been appointed to the Board as Chairman and as Executive Chairman, pending the appointment of a new Chief Executive to replace Mike Quigley, who has resigned.
The Government has received offers of resignation from five of the seven NBN Co directors and one resignation.
It has accepted four of these offered resignations but has asked Dr Kerry Schott and Ms Alison Lansley to continue serving on the Board.
The tenure of the seventh director, Mr Brad Orgill, has been terminated.
Edition 382, 8 October 2013