[LINK] NBN reduces Commonwealth's net worth by $8.8 billion

[Andy Farkas]

[urge to rant about MTM rising]

http://www.itnews.com.au/news/the-nbn-has-cost-australia-88bn-in-net-worth-444600

"The PBO said it had no idea when NBN Co was expected to start paying 
dividends
to the Commonwealth, leaving it unable to predict when the network 
builder will
have a positive impact on the underlying cash balance"

[$29.5bn initial investment, then a $19.5bn loan. What did Malcs say 
about "cheaper"?]

[Labor's NBN was only going to cost $45bn with a ROI of 7%. MTM ROI is 
down at 3.2%]


Also a good read:

http://www.smh.com.au/comment/view-from-the-street/the-federal-government-presents-a-tale-of-two-taxes-20161214-gtaq4u.html

[urge to rant about MTM still rising, but I'll try and keep it to myself]

-andyf