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The actions of Labour party hard man Anthony Albanese have been lambasted by Sydney radio identity Ray Hadley, after Albanese tried to discredit opposition’s communications spokesman Malcolm Turnbull over his investment in Melbourne IT a potential beneficiary of NBN funds. It’s also been revealed that despite $43 Billion in expenditure the NBN will sill only run at 12Mbps.


After Ray Hadley asked Turnbull “Have you heard this Anthony Albanese stuff?” Turnbull said 

“It just shows how desperate they are getting in their effort to avoid proper scrutiny of the NBN. 

Earlier today Albanese said that Turnbull’s own money was heading in one direction backing the NBN, but his mouth is heading in another trying to destroy the NBN.

Ray Hadley then asked Turnbull “Shouldn’t we be singing your praises if one of your investment arms is investing in this but you don’t think it’s a good idea so you’re talking out against it/”

Turnbull replied Well, yes, absolutely.  If the attack is that I have an investment in a company, Melbourne IT – which I do, which Lucy is a director of and it’s a merger of a web hosting company that we’ve been involved in for a long time.  But we have an investment in that company and if the proposition is that that company would benefit from the establishment of the NBN then I would have thought the fact that I am holding the NBN up to account and endeavouring to stop $43 billion being wasted would just show that I am a person of great integrity whose personal investments don’t influence his public policy. 

Turnbull added “what Albanese is actually is that I should put my mouth where my money is.  He’s actually calling on me to act in a way that’s dishonest”.

In a blunt attack on labour politicians Turnbull said “There are people on the Labor side with shares in Telstra.  I haven’t stood up and said, ‘They are only doing this because it will deliver $11 billion into Telstra. I am criticising the NBN and the way Labor’s going about it day in day out.  And therefore, you would have to say they should be giving me a compliment for great integrity”.

Earlier in the day Mike Quigley, the CEO of the NBN said that the basic service offering of the NBN is going to be 12Mbps.

Turnbull responded claiming most people couldn’t tell the difference between 12Mbs and 100. 

“I thought the whole idea was that everyone was going to get 100 Mbps. So are we going to literally overbuild our entire telecommunications network and end up with a service that for many Australians, if not most Australians, is not a whole lot better than what they’ve got now” said Turnbull.
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