Commonwealth Consolidated Acts

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NATIONAL BROADBAND NETWORK COMPANIES ACT 2011 - SECT 47

Object of this Subdivision

                   The object of this Subdivision is to provide for the termination of the Commonwealth ownership provisions after the following events have occurred:

                     (a)  the Communications Minister has declared that, in his or her opinion, the national broadband network should be treated as built and fully operational (see section 48);

                     (b)  the Productivity Minister has caused to be tabled in both Houses of Parliament a report of an inquiry by the Productivity Commission (see section 49);

                     (c)  the Parliamentary Joint Committee on the Ownership of NBN Co has examined the Productivity Commission's report (see Schedule 2);

                     (d)  the Finance Minister has declared that, in his or her opinion, conditions are suitable for the entering into and carrying out of an NBN Co sale scheme, and the declaration has taken effect (see section 50).



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