After the initial six months the cost of the plan rises by $10 a month to $59.90.
CEO, Andrew Branson, said Tangerine has passed on savings offered through new NBN 25/5 speed tier bundles.
“This is great news for Australian households which are having difficulty affording basic NBN plans,” said Branson.
Tangerine cites a report from UK broadband analytics firm, Point Topic, showing that Australia has the “most expensive access” to broadband among Organisation for Economic Development (OECD) countries.
Tangerine points to the Australian competition watchdog, the Australian Competition and Consumer Commisssion (ACCC), expressing concerns about the affordability of basic NBN plans in Australia for people on low incomes, stating prices of low-speed NBN plans are at least $10 per month higher than what consumers paid for equivalent ADSL plans.
The $49.90 cost is offered for the first 6 months - rising to $59.90 afterwards - with the plan also offering Tangerine’s 14 day risk free trial, no contract and no set up fee and 7 day technical support.