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Communications Legislation Amendment (Deregulation and Other Measures) Bill 2015

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7844

2013-2014-2015-2016

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Communications Legislation Amendment (Deregulation and Other Measures) Bill 2015

 

 

(1)     Page 5 (after line 25), after Schedule 1, insert:

Schedule 1A NBN Co Reporting

   

National Broadband Network Companies Act 2011

1  After section 98A

Insert:

98AA  Financial and deployment forecasts report

             (1)  The Board must prepare a report setting out NBN Co’s financial and deployment forecasts for the period beginning on 1 July 2015 and ending on 30 June 2022.

             (2)  The report must include:

                     (a)  forecasts for each financial year during the period of the following:

                              (i)  number of premises ready for service for each access technology;

                             (ii)  number of premises activated for each access technology;

                            (iii)  total revenue;

                            (iv)  total operating expenditure;

                             (v)  earnings before interest, taxes, depreciation and amortisation;

                            (vi)  earnings before interest, taxes, depreciation and amortisation margin;

                           (vii)  operating profit before deduction of interest and income taxes;

                          (viii)  net cash interest (funding costs);

                            (ix)  earnings before taxes;

                             (x)  total capital expenditure;

                            (xi)  movement in working capital;

                           (xii)  cash tax;

                          (xiii)  levered free cash flow;

                          (xiv)  government funding;

                           (xv)  debt funding;

                          (xvi)  total funding; and

                     (b)  totals for the whole of the period for each forecast mentioned in paragraph (a).

             (3)  The Board must, within 60 days of the day on which this item commences:

                     (a)  give the Minister the report; and

                     (b)  publish the report on NBN Co’s website.

             (4)  The Minister must cause a copy of the report to be tabled in each House of the Parliament within 5 sitting days of receiving it.

[ NBN Co report]