ANTHONY ALBANESE MP
PRIME MINISTER OF AUSTRALIA

SENATOR KATY GALLAGHER
MINISTER FOR FINANCE

MICHELLE ROWLAND MP
MINISTER FOR COMMUNICATIONS

Families and businesses need high speed internet at an affordable price, and the Albanese Government will deliver that as we build Australia’s future.
 
The Albanese Government will fund the upgrade of Australia’s remaining national fibre-to-the node (FTTN) network through an equity injection of up to $3 billion, with NBN Co contributing more than $800 million to the project.
 
The Government will deliver this significant milestone while guaranteeing NBN Co will remain in public ownership.
 
Australians owning NBN Co is the best means of ensuring prices for high speed internet remain affordable for all Australians.
 
While the Albanese Government will complete the National Broadband Network (NBN) rollout, our political opponents want to strand Australians on ageing copper connections.
 
Given the opportunity, the Liberal and National parties will also privatise NBN Co. Peter Dutton made this clear when he instructed his Party to vote against Government legislation to keep the NBN Co in public hands in late 2024.
 
Fast, reliable, affordable internet is an essential building block of any modern economy. Connectivity boosts national productivity, enables innovation, and creates jobs.
 
Modelling by Accenture suggests the FTTN upgrade program will provide a $10.4 billion cumulative uplift in GDP over the next decade.
 
The modelling suggests individual households could save more than 100 hours and $2,580 per year in avoided travel time and costs from accessing faster broadband.
 
The new FTTN upgrades will deliver access to higher internet speeds for around 622,000 additional premises, with the upgrades delivered by 2030.
 
This landmark investment builds on the Albanese Government’s $2.4 billion outlay for FTTN upgrades.

The Government has provided access to faster and more reliable broadband for 1.5 million premises across Australia, including 660,000 in rural and regional communities.

The upgrades are being delivered on time and budget.
 
When the upgrade program is complete, more than 94% of premises on the fixed line network – over 11 million homes and businesses - will have access to connections enabling speeds of up to 1 Gbps.
 
A small proportion of more complex premises will need to undergo further design analysis and may be upgraded through other technology solutions, offering speeds up to 400Mbps.

As at 13 January 2025.