From: Michelle Moffitt
[simba72@bigpond.com]
Sent: Tuesday, 9 September 2003 7:53
AM
To: ECITA, Committee (SEN)
Subject: Sale of Telstra
The Secretary, Senate Environment Communications IT
and the Arts Committee, Parliament House, Canberra.
I would like to make the following comments
regarding the Governments proposed sale of Telstra.
Firstly I would like to comment on the service
provided by Telstra at present. I feel the service is good however there
is always room for improvement. There has been quite a few increases in
basic charges over the last year or so, (much higher than inflation) and I do
not think there has been any increase in service to justify these increases.
With the increase in technology access to these modern facilities should be made
more affordable, with speedier access modes being the norm. In country
areas Internet facility allows access to educational and reference
materials not found locally.
I am against the full sale of Telstra for the
following reasons; Government ownership of 51% of Telstra allows it to have
final control of the management and directions this utility should take, it also
allows a constant flow of revenue to the government coffers.
The total sale will see control go to private
individuals and public companies, this will lead to reduced service as profits
become the main issue, and reduced revenue to the government via normal tax
avoidance methods used by big companies.
My main concern is that the eventual ownership will
go to overseas interest. There are no laws or rules that Governments can
put in place, ( that can be enforced for ever) that will stop overseas
ownership.
I would also like to mention that I am a holder of
"Telstra 2" shares and that if the sale does go through I trust that
the Government sets the sale price of "Telstra 3" shares at least at the
same price as Telstra 2, ($7.40). Should this not be the case protection's
should be made to refund to "Telstra 2" share holders the difference
between the price they had to pay and the price "Telstra 3" sells for.
Thank you for the opportunity to
comment.
Yours faithfully
Colleen Moffitt
15 Falconer Way
Dubbo 2830
Share Holder #I0608161082