NBN Co will no longer issue multi-year financial forecasts in its annual corporate plan, because it fears litigation from private lenders that have loaned the state-owned corporation billions of dollars if it misses its targets.
Mr Rue said this level of disclosure was consistent with ASX-listed entities, and that the decision to limit guidance to just 12 months was not made earlier because it did not yet have debt securities trading. Peter Braig
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
