Leaked Govt NBN Docs Reveal Secret Negotiation Strategy, Plus Financing Options
Two classified government documents pertaining to the NBN have been uncovered with the first showing the NBN having a secret strategy on luring potential investors and the second on the NBN financing options and borrowing and budget impacts.
These top secret government documents were uncovered after someone bought two locked filing cabinets at a store that sells ex-government furniture. The two filing cabinets were drilled open and inside were a trove of documents dating back to the late 00’s.
The documents were then handed to ABC News who published the story.
The first document shows how the 2009 Labor government had a strategy to try and attract private sector investment in the NBN while retaining government ownership and control until privatisation.
The then-government was desperate for Telstra to buy into the project.
The document explains its negotiating tactics with Telstra was to ‘adopt and maintain a strong and credible position from the announcement with the goal of getting Telstra to reconsider its position and ultimately approach government to invest in or use NBN network on the governments terms.
‘The ideal outcome, over time, is the structural separation of Telstra by action of the board.’
The government still owns the NBN but faces writing it into the budget instead of privatising it like it intended to in 2009.
You can read this document here.
The second document outlines how the budgeting for the NBN was completely different from what it is now.
It stated the government will invest up to $43bn to build and operate the NBN, the initial contribution was $4.7bn with a $500m funding envelope for early rollout of fibre to the home and premises network of those in Tasmania and another $250m for a backhaul blackspots program.
The document also planned for the project to be done in 2017, which hasn’t been reached with the NBN aiming for 8 million homes to get the NBN by 2020.
You can read the budgeting document here.