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senate vote 2021-02-25#5 Edited by mackay staff on 2021-03-05 10:21:18

Title Motions — Nbn Co Motions - NBN Co - Excessive spending and waste Description <p class="speaker">Katy Gallagher</p> <p>At the request of Senators Pratt, Kitching and Hanson, I move general business notice of motion No. 1040:</p> <p class="italic">That the Senate&#8212;</p> The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2021-02-25.54.1) introduced by ACT Senator [Katy Gallagher](https://theyvoteforyou.org.au/people/senate/act/katy_gallagher) (Labor), which means it passed. Motions like these don't make any legal changes on their own, but they are politically influential as they represent the will of the Senate. ### Motion text > *That the Senate—* > > *(a) notes:* > >> *(i) between July 2020 and December 2020, NBN Co paid out $78 million in corporate bonuses with taxpayer money,* >> >> *(ii) the 2018 NBN corporate plan set a revenue target of $4.9 billion for financial year 2020; NBN Co achieved $3.8 billion,* >> >> *(iii) the 2018 NBN corporate plan set an activations target of 8.1 million by financial year 2020; NBN Co achieved 7.3 million,* >> >> *(iv) the 2018 NBN corporate plan forecast the multi-technology NBN would cost $49 billion; the forecast cost is now $57 billion,* >> >> *(v) the Prime Minister effectively sacked Ms Holgate on the floor of Parliament for spending $20,000 on Cartier watches in 2018, but had no issues with NBN Co paying out $78 million in corporate bonuses during a recession, and* >> >> *(vi) NBN Co recently refused to answer 15 questions on notice from the Senate about their finances, despite having published this information previously;* > > *(b) considers the $78 million in NBN corporate bonuses during the COVID-19 recession to be excessive, unreasonable and lacking in justification;* > > *(c) affirms its commitment to ensuring there is appropriate transparency over how taxpayer money is spent on the NBN; and* > > *(d) calls on the Minister for Communications and NBN Chairman to reign in excessive spending and waste at NBN Co.* <p class="italic">(a) notes:</p> <p class="italic">&#160;&#160;(i) between July 2020 and December 2020, NBN Co paid out $78 million in corporate bonuses with taxpayer money,</p> <p class="italic">&#160;&#160;(ii) the 2018 NBN corporate plan set a revenue target of $4.9 billion for financial year 2020; NBN Co achieved $3.8 billion,</p> <p class="italic">&#160;&#160;(iii) the 2018 NBN corporate plan set an activations target of 8.1 million by financial year 2020; NBN Co achieved 7.3 million,</p> <p class="italic">&#160;&#160;(iv) the 2018 NBN corporate plan forecast the multi-technology NBN would cost $49 billion; the forecast cost is now $57 billion,</p> <p class="italic">&#160;&#160;(v) the Prime Minister effectively sacked Ms Holgate on the floor of Parliament for spending $20,000 on Cartier watches in 2018, but had no issues with NBN Co paying out $78 million in corporate bonuses during a recession, and</p> <p class="italic">&#160;&#160;(vi) NBN Co recently refused to answer 15 questions on notice from the Senate about their finances, despite having published this information previously;</p> <p class="italic">(b) considers the $78 million in NBN corporate bonuses during the COVID-19 recession to be excessive, unreasonable and lacking in justification;</p> <p class="italic">(c) affirms its commitment to ensuring there is appropriate transparency over how taxpayer money is spent on the NBN; and</p> <p class="italic">(d) calls on the Minister for Communications and NBN Chairman to reign in excessive spending and waste at NBN Co.</p> <p class="speaker">Jonathon Duniam</p> <p>I table a statement from the government on our position on this motion.</p> <p class="speaker">Scott Ryan</p> <p>The question is that motion No. 1040 be agreed to.</p>