from T3 Prospectus
"This year, Telstra planned to start building a $3 billion FTTN network. However, Telstra disagreed with the ACCC on the price its competitors should pay for access to the network and, as a result, Telstra decided not to build the network."
"The real risk with operational separation,in Telstra’s opinion, lies in the power of the Minister to determine the way Telstra conducts its business by directing it to vary its operational separation plan, subject to the aims and objects of the legislation which are very broad.
These regulatory discretions could in Telstra’s opinion be used with a significant adverse effect on Telstra."
"The Commonwealth considers that the telecommunications
industry is currently in transition to full competition and that appropriately targeted regulation is in place to facilitate this outcome. Overall, the regulatory legislation is settled. However, the Commonwealth has announced that it will review the telecommunications competition regulatory regime in 2009."
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