The Coalition will launch a new Private Members Bill aimed at revealing the business case and cost-benefit analysis of the National Broadband Network.
According to a statement from Shadow Communications Minister, Malcolm Turnbull, the National Broadband Network Financial Transparency Bill 2010 is designed to increase oversight of the Government’s broadband policy.
“The Bill would require NBN Co to produce and publish a detailed 10-year business plan, including key financial and operational indicators,” the statement said.
“It also requires the Productivity Commission to conduct a comprehensive cost-benefit analysis of the NBN and report back to Parliament by May 31, 2011”.
If the Bill is passed, the Productivity Commission will analyse the current availability of broadband in Australia and consider the most cost-effective and “speedy” options through which fast broadband can be rolled out.
The Commission would also look into the economic, productivity and social benefits that would come from faster broadband as well as the potential applications.
The Coalition will need the support of cross-benchers in both the Senate and the House of Representatives to pass its private member’s Bill. Key independent MPs have expressed a wish to see NBN Co continue working but Turnbull’s proposal would not see it stop.
Turnbull is also set to move a motion to create a Joint Select Committee drawn from parties and factions in both houses of Parliament to oversee the rollout of the NBN.