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Posts Tagged ‘telstra break-up’
Featured, News - Wednesday, March 10, 2010 7:35 - 4 Comments
Opposition to vote against Telstra break-up bill
The Federal Opposition has confirmed it will vote against wide-ranging legislation being introduced by Communications Minister Stephen Conroy to reform the telecommunications sector, including the break-up of Telstra’s wholesale and retail divisions.
Conroy’s last attempt to introduce the Telecommunications Legislation Amentment (Competition and Consumer Safeguards ) Bill into the Senate was shot down in flames several weeks ago, but at the time the Greens — who the Government will now need to get the bill across the line — had signalled their readiness to debate it.
The legislation is listed on the Senate run-sheet for today. In a statement yesterday, shadow Communications Minister Tony Smith (pictured) described the legislation as a “deliberate assault” on Telstra, its 1.4 million shareholders and 30,000 employees.
“As we’ve said from day one, Telstra shareholders have every reason to be outraged by Labor’s plans to force the break-up of the company,” said Smith. “The Coalition has never advocated the forced break up of Telstra and this was never part of Labor’s plan before the last election.”
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