>>105588713 (OP)Heres the rundown
In 2009, the Labor Party introduced the NBN. However, in 2013, Labor was voted out in favor of the Liberal Party, which viewed the plan as a waste of money and decided to cut back on the infrastructure. Instead of providing fiber directly to homes, in some areas, fiber would only extend to the start of the street or the driveway, with the remaining connection relying on copper wiring.
Another consequence of the Liberals' changes was the high cost imposed on ISPs for using the NBN infrastructure. Since the project was so expensive, the government charged ISPs substantial fees to recoup the costs, which were ultimately passed on to customers. As a result, consumers ended up paying significantly more.
Because the project was scaled down, the available bandwidth at network nodes was also reduced. For example, as you would know, a street with 50 houses cannot support 1000/1000 Mbps speeds for each home. While 1000 Mbps download speeds are available, they cost around $130 per month. Upload speeds are even more expensive because ISPs have set high prices simply because they can.
The Liberal Party was voted out, and Labor is back in power, but they have since removed their promise to fix the NBN.
As a side note, Rupert Murdoch, owner of Foxtel, the largest cable TV provider in the country, strongly lobbied against the NBN. Faster internet would have led to a decline in cable TV subscribers, which threatened his business interests.