NATIONAL BROADBAND NETWORK COMPANIES ACT 2011

NATIONAL BROADBAND NETWORK COMPANIES ACT 2011

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Objects  
   4.      Simplified outline  
   5.      Definitions  
   6.      Crown to be bound  
   7.      Extension to external Territories  

   PART 2--OPERATIONS--OF NBN CORPORATIONS

           Division 1--Simplified outline

   8.      Simplified outline  

           Division 2--Rules about operations of NBN corporations

              Subdivision A--Supply of eligible services to be on wholesale basis

   9.      Supply of eligible services to be on wholesale basis  
   10.     Exemption--transport authorities  
   11.     Exemption--electricity supply bodies  
   12.     Exemption--gas supply bodies  
   13.     Exemption--water supply bodies  
   14.     Exemption--sewerage services bodies  
   15.     Exemption--storm water drainage services bodies  
   16.     Exemption--State or Territory road authorities  

              Subdivision B--Supply of other goods and services

   17.     Content services not to be supplied  
   18.     Non - communications services not to be supplied  
   19.     Non - communications goods not to be supplied  

              Subdivision BA--Access to a telecommunications transmission tower owned or operated by an NBN corporation etc.

   19A.    Access to a telecommunications transmission tower  
   19B.    Access to the site of a telecommunications transmission tower  
   19C.    Reasonableness--Ministerial determinations  
   19D.    Publication of access terms and conditions--towers  
   19E.    Publication of access terms and conditions--sites  
   19F.    Terms and conditions of access to be on a non - discriminatory basis  
   19G.    Equipment  
   19H.    Eligible person  
   19J.    Site  
   19K.    Goods  

              Subdivision C--Investment activities

   20.     Restriction of investment activities  

              Subdivision D--Transitional

   21.     Transitional--pre - commencement contractual obligations  
   22.     Transitional--pre - acquisition contractual obligations  

           Division 3--Functional separation of NBN corporations

   23.     Contents of draft or final functional separation undertaking  
   24.     Functional separation principles  
   25.     Functional separation requirements determination  
   26.     Draft functional separation undertaking to be given to the Communications Minister and the Finance Minister  
   27.     Approval of draft functional separation undertaking by the Communications Minister and the Finance Minister  
   28.     Time limit for making an approval decision  
   29.     Effect of approval  
   30.     Variation of final functional separation undertaking  
   31.     Publication of final functional separation undertaking  
   32.     Compliance with final functional separation undertaking  

           Division 4--Divestiture of assets by NBN corporations

   33.     Directions about disposal of assets  
   34.     Directions about transfer of assets to another NBN corporation  
   35.     Advice from ACCC about disposal or transfer directions  
   36.     Exemption from stamp duty--transfer in compliance with transfer direction  

           Division 5--Carrier licence conditions etc.

   37.     Carrier licence condition  
   38.     Service provider rule  
   39.      Power to declare carrier licence conditions not limited  
   40.     Power to determine service provider rules not limited  

           Division 6--Special carrier licence conditions

   41.     Conditions about supply of carriage services by NBN corporations  
   42.     Consultation with ACCC  

   PART 3--OWNERSHIP--AND CONTROL OF NBN CO

           Division 1--Simplified outline

   43.     Simplified outline  

           Division 2--Commonwealth ownership and control of NBN Co

              Subdivision A--Commonwealth ownership provisions

   44.     Commonwealth ownership provisions  
   45.     Commonwealth to retain ownership of NBN Co  
   46.     Compliance by NBN Co  

              Subdivision B--Termination of Commonwealth ownership provisions

   47.     Object of this Subdivision  
   48.     Declaration by Communications Minister--whether national broadband network should be treated as built and fully operational  
   49.     Productivity Commission inquiry  
   50.     Declaration by Finance Minister--whether conditions suitable for an NBN Co sale scheme  
   51.     Termination of Commonwealth ownership provisions  

              Subdivision C--Sale by the Commonwealth of its shares in NBN Co

   52.     Simplified outline  
   53.     When NBN Co sale scheme may be entered into and carried out  
   54.     NBN Co sale scheme  
   55.     Sale - scheme hybrid securities  
   56.     Exemption from stamp duty--transfer by the Commonwealth of its shares in NBN Co etc.  
   57.     Authorisation of borrowing--issue of sale - scheme hybrid securities  
   58.     Appropriation--costs incurred in connection with an NBN Co sale scheme  
   59.     Assistance given by NBN Co or the Board in connection with an NBN Co sale scheme  
   60.     Giving of assistance--ancillary provisions  
   61.     Reimbursement of expenses incurred in giving assistance  
   62.     Commonwealth to be bound by Chapters 6CA, 6D and 7 of the Corporations Act 2001  
   63.     Reduction of NBN Co's share capital  
   64.     Alterations of NBN Co's constitution--notice to debenture holders  
   65.     Alteration of NBN Co's constitution--Ministerial instrument  
   66.     Use by the Commonwealth of information obtained from NBN Co or the Board  
   67.     Agreements relating to the protection of information obtained from NBN Co or the Board  
   68.     NBN Co's obligations to disclose information  

           Division 3--Private ownership and control of NBN Co

   69.     Unacceptable private ownership or control situation  
   70.     Prohibition of unacceptable private ownership or control situation  
   71.     Remedial orders  
   72.     Record - keeping and giving of information  
   73.     Validity of acts done in contravention of this Division  
   74.     Acquisition of property  

           Division 4--General provisions

   75.     Interest in a share  
   76.     Extra - territorial application  

   PART 4--NBN--CO'S REPORTING OBLIGATIONS

   77.     Simplified outline  
   78.     Application of this Part  
   79.     Financial statements  
   80.     Communications Minister and the Finance Minister to be notified of significant events  
   81.     Keeping the Communications Minister and the Finance Minister informed  
   82.     Corporate plan for NBN Co  
   83.     Consequences of contraventions of this Part  
   84.     This Part has effect despite the Corporations Act 2001 etc.  
   85.     When this Part ceases to have effect  

   PART 5--ANTI---AVOIDANCE

   86.     Anti - avoidance  

   PART 6--INJUNCTIONS

   87.     Simplified outline  
   88.     Injunctions  
   89.     Interim injunctions  
   90.     Discharge etc. of injunctions  
   91.     Certain limits on granting injunctions not to apply  
   92.     Other powers of the Federal Court unaffected  

   PART 7--MISCELLANEOUS

   93.     Severability  
   94.     Promotion of the long - term interests of end - users of carriage services and of services supplied by means of carriage services  
   95.     NBN Co is not a public authority  
   96.     Public Works Committee Act  
   97.     Winding - up of NBN corporation not prevented by this Act  
   98.     Rights of NBN corporation's shareholders, debenture holders and creditors to be subject to this Act  
   98A.    Exemption from stamp duty--matters related to the creation, development or operation of the national broadband network  
   98B.    Mapping data  
   99.     Delegation  
   100.    Compensation for acquisition of property  
   101.    Regulations  
           SCHEDULE 1 NBN corporations
           SCHEDULE 2 Parliamentary Joint Committee on the Ownership of NBN Co