{"id":88209,"date":"1999-12-31T00:37:00","date_gmt":"1999-12-30T13:37:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/cooked-conroy-blasts-turnbulls-nbn-rumble\/"},"modified":"1999-12-31T00:37:00","modified_gmt":"1999-12-30T13:37:00","slug":"cooked-conroy-blasts-turnbulls-nbn-rumble","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/cooked-conroy-blasts-turnbulls-nbn-rumble\/","title":{"rendered":"Cooked: Conroy Blasts Turnbull’s NBN Rumble"},"content":{"rendered":"

Minister for Broadband blasts political foe as “lazy, financially illiterate, or both”<\/p>\n\n\n\n\n
<\/a>
Click to enlarge<\/td>\n<\/tr>\n
The Hon Malcolm Turnbull and Minister Conroy, in happier times.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Senator Stephen Conroy has come out fighting today, declaring Shadow Communications minister, MP Malcolm Turnbull, has ‘once again’ misled the public, with claims the National Broadband Network (NBN) has witnessed a $400m “blowout” after the recent budget. <\/p>\n

“Mr Turnbull has manufactured claims of a ‘blowout’ and a ‘fiddle’ in the budget treatment of the National Broadband Network,” Senator Conroy said today.<\/p>\n

And in a startling attack on the Liberal MP for East Sydney, Conroy added: “Mr Turnbull is either lazy, financially illiterate, or both.”<\/p>\n

Turnbull claimed figures for NBN revealed in the latest Budget, announced Tuesday, show the cost of NBN has risen over $400m compared to last year. <\/p>\n

“As a former merchant banker, Mr Turnbull presumably knows that you pay your bills when they fall due,” Conroy continued. <\/p>\n

“The $450 million additional Departmental expenditure in 2011-12 is the payments made to Telstra under the terms of the Definitive Agreements.These agreements came into force on 7 March last.” <\/p>\n

There is “nothing new” about the payments (set to total $11 bn across several years) to Telstra nor can they be described as having been ‘brought forward,’ he added. <\/p>\n

Turnbull, a vehement opposer to the $36bn high speed NBN and Labor’s pet project, latest claims are totally “false,” according to Conroy. <\/p>\n

“Mr Turnbull’s assertion that there has been an increase in equity of $400M simply reflects that equity funding of $350M was deferred from 2011-12 to 2012-13. This was detailed in the 2011-12 Departmental Portfolio Additional Estimate Statement on page 39.”<\/p>\n

“Mr Turnbull also continues to claim that the treatment of the equity injection into NBN Co by the Government should be expensed in the budget. This is completely wrong.”<\/p>\n

 <\/div>\n

The broadband fibre network currently being rolled out, is an investment in an asset from which the Government will receive a return, says the Broadband Minister and is classified as an ‘equity investment’ rather than a ‘budget expense.’<\/p>\n

This practice is consistent with long-standing budget treatment applied by this and previous Governments, says Conroy. <\/p>\n

Turnbull also attacked the numbers using NBN currently  in a statement Tuesday, criticising the” “5000 or so customers currently using its fibre network, compared to the 137,000 projected by June 2012 in NBN Co’s corporate plan.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Minister for Broadband blasts political foe as “lazy, financially illiterate, or both”<\/p>\n","protected":false},"author":41,"featured_media":93618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,25],"tags":[],"class_list":["post-88209","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-archive","category-services","post_format-post-format-gallery"],"yoast_head":"\nCooked: Conroy Blasts Turnbull's NBN Rumble - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/cooked-conroy-blasts-turnbulls-nbn-rumble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cooked: Conroy Blasts Turnbull's NBN Rumble - 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