A key election promise to install high speed broadband across the country is about to come to a grinding halt.
Labor needs more than $4 billion to fund its broadband agenda, but half the money has been locked away in a special communications fund.
A senate inquiry will report back today and give the government the green light to dip in and remove the cash.
The opposition has been against the plans from the outset, and key sources have told Macquarie News that plans are underway to block the project for good.
It means the government won’t have enough money to roll out its high speed internet plans, and could risk breaking a key election promise.