Impact of National Broadband Network on Financial Sector

This competition helped reduce telecommunication costs dramatically, benefiting many other industries and the overall competitiveness of the Australian market. The improvement of competition across the whole economy was the main objective of the governments National Competition Policy. This policy included the Corporatisation and Privatisation of Public Trading Enterprises such as Australia Post and Telstra, competition reform in the professions, the opening up of access

This report will show an overview of the current state of the Australian economy and its management by the Federal government through examining economic indicators such as economic growth (GDP), unemployment, inflation and trade.

Telstra is Australia’s largest and most efficient telecommunications company, which provides one of the best-known brands in the country. They offer a full range of services and compete in all areas of telecommunications both domestically and internationally. Telstra’s vision is to enhance its position as the leading full service telecommunications and information Service Company in Australia as well as to expand its presence internationally. (Telstra Website, 2008)

The figure obviously had not return to pre-crisis level. Moreover, recent commodity prices had fallen significantly which will affect Australia’s short and long term economy.

Between 2000 and 2016 Australia underwent the most dramatic mining increase because the Victorian gold rush. Investment in the sector, widely defined, quadrupled. The additionally fuelled growth in a huge vary of industries servicing the sector, in particular engineering construction and business services.

Income inequality is the unspoken truth of American life. Millions of Americans live in poverty while the minority holds the majority of the wealth. This problem has become more severe in recent years, with the wealth gap increasing exponentially. While innovation drives economics in the free market, recent innovations have caused the wealth gap to become skewed. Broadband Internet is one particular innovation that has spurred economic growth but has hurt the lower class. Broadband Internet can be defined as “768 Kbps download and 200 Kbps upload” (Dunbar). Although there are many varying classification of broadband Internet, this definition will be utilized for the purposes of this paper. The non-adoption of broadband Internet by those living

With a GDP of over $1 trillion USD, the Australian economy is among the largest in the world (Cornett and Saunders, 2014). Australia is trading partners with the United States, China, and Japan, but their economic ties are mainly centered in the Pacific Rim. Exports are crucial to the country’s GDP and this has created problems regarding sustainability in the Australian economy.

Telstra can simply allow their loyal customers to have unlimited access to internet for the same price they are paying. Unmetered internet use will definitely give competitors a run

Australia's economy has been driven by the resources boom for the past decade, but it's slowly winding down. Since the country's mining industry is gradually losing steam, Australia eyes a different route - the tech industry. Prime Minister Malcolm Turnbull announced a $1.1 billion package on Monday to boost innovation in the country. His plan will include various tax reductions for startups, investors, and entrepreneurs, as reported by Reuters.

In March 2007, the Australian Labor Party rolled out its broadband voting strategy to augment internet momentums for 98 percent of Australia citizens to make forty times faster. Labor believed that its nationwide broadband network (NBN) would provide significant national economic advantages and novel services for the gain of the many consumers, specifically those in the regional and rural parts. Labor obligated that I t would associate with the private division to provide a fiber-to-the-node (FTTN) NBN for more than five years to 98 percent of the inhabitants with least amount speeds of 12 megabits every second. Labor also dedicated that within a six-month time

But for every supporter, there is also opposition. The main criticism links to perceived increases in taxes and fees paid to the internet providers, to pay for the extra cost of the new legislation. This could lead to less money being spent expanding and improving networks, which could result is a less effective service, as well as having a knock-on effect on

The second key national interest of Australia is the economy. Australia’s capital, jobs, standards of living, technological innovations and social advances rely substantially on exports and commodity values within Southeast Asia and the Pacific (Department of Foreign Affairs and Trade 2016a). The stability of South East Asia and the Oceania

Australia’s biggest infrastructural projects were built with the future in mind. The Snowy Hydro scheme has supplied energy for almost 50 years and will continue to do so for hundreds of years. Our biggest bridges – some dating back as far as 1923 were built with up to 10 lanes, not 2. So why is it, that as the coalition installs the National Broadband Network - NBN, we’re expected to bank our future, Australia’s future - on a fragile copper network that scientists declared unusable years ago, instead of investing in fibre which can support our internet needs for over a 100 years.

Telstra has a long history in Australia, starting together with Australia Post as an administration division, the Postmaster-General 's Department. Telstra is now completely privatized and has been going through a change to become more client oriented under its late CEO, David Thodey. New CEO Andy Penn is required to expand the attention on development in universal markets. The central government 's National Broadband Network (NBN) is making changes in the business and will see the organization logically offer its copper and HFC systems to NBN Co.

In March 2015, Greg Jericho published an article called Weak, weak growth and six things about the state of Australia’s economy that outlined how in the past 6 out of 10 quarters the Australian