NBN Co draft legislation unveiled

The Australian federal government has released exposure draft legislation on how the National Broadband Network Company should operate.

The National Broadband Network Companies Bill 2010 establishes ownership, governance and sale arrangements for NBN Co. The Telecommunications Legislation Amendment (National Broadband Network Measures - Access Arrangements) Bill 2010 covers access arrangements that reflect NBN Co's wholesale-only status. "These bills deliver on the Rudd Government's commitment to change the competitive dynamics of the telecommunications sector by ensuring NBN Co will operate as a wholesale-only company, offering open and equivalent access," Communications Minister Stephen Conroy said.