The entire architecture was flawed from the beginning. It was a terrible monopoly plan that actively decided from the outset to use urban connections to subside highly expensive rural ones, essentially a flat tax on those living in metro areas.
Successive governments have enshrined the monopoly status and keep having to make new laws to stop anyone else competing. When a private company is banned from building their own network infrastructure something is very broken. We have taxes on mobile broadband to protect the NBN from 5G, the CEO openly says Starlink is going to eat their lunch and wants taxes on that too so they are less competitive.
New Zealand actually got it right by separating the buildout from the operators.The NBN was an utterly terrible design that was intentionally underquoted and deserves to be mocked by anyone with half a clue about it.
https://www.itnews.com.au/news/government-urged-to-end-broad...
However, that doesn't change the fact that the original plan was bad and should never have been launched in the first place.
They also produce good CS research and can't seem to productize any of it; the best known tech employer is the company that makes Jira.