TPG Telecom is still unsure how much broadband tax it could be liable for if the long-delayed legislation is finally passed, owing to the levy’s ill-defined applicability to business services.
Chief financial officer Stephen Banfield told the company’s half-year results briefing that he still could not estimate TPG’s exact liability.
“The regional broadband scheme – if it goes ahead, as it looks unfortunately that it will – will levy a tax of $7.10 approximately on our high speed residential broadband services,” he said.
“There are about 123,000 of those. There is – under the legislation, I understand – an exemption