TELSTRA and NBN Co will submit a definitive agreement to the competition watchdog within weeks, as the first piece of legislation reshaping the telecommunications sector passed Parliament yesterday.
Smaller players say the new laws radically change the sector by providing a level playing field for the first time since the sector was opened to competition.
Changes to the 1997 Telecommunications Act passed the Senate with amendments on Friday and the lower house approved the amendments yesterday, bringing the new laws to life.
It is the first piece of legislation necessary for the government to build its national broadband network, while two more pieces - to establish NBN Co as a company and outlining access arrangements - were introduced last week.
The government has promised to publish NBN Co's full business plan next month.
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