Malcolm Turnbull was falling over himself last week when asked about the competitive threat posed by 5G to his second-rate copper network.

When questioning on 3AW turned to the value of his NBN he said:

"Let's just be very clear about this: I said when I became communications minister back in 2013, I said the Labor Party had wasted $20 billion on the NBN, which I don't think you can recover,"

Sorry Malcolm, but that is complete nonsense.

As of September 2013, the month you became minister, NBN had spent $5.7 billion in cumulative capital and operating expenditure.

These financials are in your own stitched-up report – you signed it off.

Furthermore, you promised to deliver the NBN for $29.5 billion and now it’s costing $49 billion.

It seems the only thing we can’t ‘recover’ is the billions you have funnelled into uncompetitive copper technology that is leaving taxpayers exposed and consumers worse off.