NBNCo was established in 2009 to design, build and operate Australia’s wholesale broadband access network. Underpinned by a purpose to connect Australia and bridge the digital divide, nbn’s key objective is to ensure all Australians have access to fast broadband as soon as possible, at affordable prices, and at least cost.
To achieve this objective, nbn has been structured as a wholesale-only, open-access broadband network. nbn provides services on its local access network on equivalent terms to retail phone and internet providers, to provision for end-user needs. This is intended to level the playing field in Australian telecommunications, creating real and vibrant competition within the industry and providing choice for consumers.
Since establishment, the Government has presented nbn’s mandate through a Statement of Expectations (SoE) which is supplemented from time to time by policy directives and correspondence. nbn’s current objectives are set out in the 26 August 2021 (published 31 August 2021) SoE.
nbn is wholly owned by the Commonwealth of Australia as a Government Business Enterprise (GBE), incorporated under the Corporations Act 2001 and operated in accordance with the Public Governance, Performance and Accountability Act 2013 (PGPA Act).