The release of the National Broadband Network (NBN) Business Plan is an important step in giving business a better understanding of the scope and implications of the NBN, says Australian Industry Group chief executive Heather Ridout.
However, the potential gains from improving business productivity through very fast broadband were not included in the business case, Ms Ridout says.
"To make the most of the possibilities offered by the NBN, business will need to learn more about potential applications of the NBN and how they can transform business and business models.
"To ensure we do get the most out of the NBN and its huge potential we have argued that there is merit in a national Flagship program to help a wider range of businesses become more fully engaged in exploring and adopting these benefits many of which are potentially transformational."
Customers will pay at least $56 a month to take advantage of faster download speeds under the Federal Government's national broadband network plan.
To get super-fast broadband access, business will have to pay about $80 a month.
According to projections in the Government’s NBN Business Plan, the new network will cost about $36 billion, with taxpayers contributing $27.5 billion, to be eventually refunded.
The network will be completed by the end of 2020 — later than first expected.
For the Government to meet its financial commitments, 70 per cent of Australia's 11 million premises will have to subscribe.