NBN Co lodges undertaking to watchdog

 

Aims to allay industry concerns.

NBN Co has finally lodged a special access undertaking to the competition watchdog, nearly nine months after initially planned.

The voluntary submission [pdf] is intended to establish a regulatory oversight framework for the next 30 years, including price terms and the technical Layer 2 architecture.

Legislation passed in March this year provided for the opportunity to lodge an undertaking to the ACCC.

NBN Co intended to do so by September but had since continued to delay the lodging of the document and finalisation of a wholesale broadband agreement with access seekers.

The company began charging access seekers for network access since October under an interim agreement that is set to expire in January.

The wholesaler has since shortened its wholesale agreement term to one year and removed plans to increase wholesale pricing to inflation after five years.

Oversight

The special access undertaking provides the competition watchdog with powers to make judgments on the transparency and efficiency of NBN Co's dealings with access seekers.

Though not a mandatory step under current legislation, many access seekers to the network have rallied for the ACCC's oversight of the monopoly wholesaler.

Several large service providers last week sought to voice their ongoing concerns around lack of oversight on the company in discussions papers leading up to the draft document's lodgement.

The company remains confident, however, that the undertaking will be acceptable to both the ACCC and the wider market.

"We aim to create a level playing field that will foster an environment of retail service competition," NBN Co head of product development and industry engagement Jim Hassell said.

"We won't be providing retail services, so it is in our interests to attract and retain our wholesale customers."

Any changes to the undertaking during consultation with the ACCC are expected to be reflected in future versions of the wholesale agreement.

Copyright © iTnews.com.au . All rights reserved.


NBN Co lodges undertaking to watchdog
Jim Hassell from NBN Co.
 
 
 
Top Stories
Toll Group to go Google
Poaches Woolworths project manager.
 
How News Corp's CIO tackled skills in his race to the cloud
What to do when your team’s talents are no longer needed.
 
Photos: How Thodey transformed Telstra
From turbulent Trujillo to Australia's leading telco.
 
 
Jim Hassell from NBN Co.
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Microsoft is offering Azure for Disaster Recovery to Australian SMBs
Feb 10, 2015
If you haven't talked to your IT provider about disaster recovery, it might be worth discussing ...
The 2015 Xero Roadshow is on: here are the locations and dates
Feb 6, 2015
The 2015 Xero Roadshow kicked off this week - see where you can attend at locations around ...
Microsoft Outlook is now on iPhone and iPad: why could this be useful?
Jan 30, 2015
Microsoft today released Office for Android and Outlook for iOS - complementing the other Office ...
Franchisees, here's something you should know about
Jan 23, 2015
You need to know the Code if you are a franchisee or franchisor as the penalties are significant.
Xero users rejoice! Quoting has finally arrived
Jan 23, 2015
It has taken years, but Xero has at last added integrated quoting to its online accounting software.
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  35%
 
Your insurance company
  5%
 
A technology company (Google, Facebook et al)
  9%
 
Your telco, ISP or utility
  8%
 
A retailer (Coles, Woolworths et al)
  4%
 
A Federal Government agency (ATO, Centrelink etc)
  18%
 
An Australian law enforcement agency (AFP, ASIO et al)
  15%
 
A State Government agency (Health dept, etc)
  7%
TOTAL VOTES: 3966

Vote
Do you support the abolition of the Office of the Information Commissioner?

   |   View results
I support shutting down the OAIC.
  27%
 
I DON'T support shutting the OAIC.
  73%
TOTAL VOTES: 1353

Vote