Wall Street Journal | March 28, 2011 | Ray Brindal
CANBERRA—Australia’s parliament has agreed on legislation that sets out the regulatory framework for the National Broadband Network, Minister for Broadband, Communications and the Digital Economy Stephen Conroy said Monday.
The legislation passed the House of Representatives on Monday, and included some amendments accepted by the Senate on Friday.
“The bills set out a clear regulatory framework to provide that NBN Co. will operate on a wholesale-only, open and equivalent-access basis, delivering long-term benefits for competition and consumers,” he said in a statement.
Passage of the bills further underpins the government’s policy to deliver structural reform of the telecommunications industry to promote sustainable retail-level competition, and fair pricing of wholesale services for all Australians, he said.
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