No. 1 Story
Technology reinforces generation gap
If you believe that technology could be bridging the generation gap, think again. According to Deloitte’s first State of the Media report it’s as stark as ever.
read moreGov't deposits $2b in Comms Futures Fund
Stuart Corner
Sunday, 25 September 2005 13:25
The fund's capital will be invested and the revenue generated will be spent on "ensuring rural, regional and remote Australians can access affordable and reliable telecommunications services in the future."
The $2 billion will be put into a term deposit with the Reserve Bank of Australia while a detailed investment framework is agreed by the Government. This will be overseen by The Australian Office of Financial Management. The Government says it anticipates an annual return of around 5.5 percent. Spending from the fund will be tied to independent, regular reviews of telecommunications services in rural, regional and remote Australia. The first review will be conducted in 2008 with reviews to follow every three years thereafter.
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