Senator FIFIELD (Victoria—Manager of Government Business in the Senate, Minister for Communications and Minister for the Arts) (14:09): No, that is not correct. As I have indicated and as the finance minister has indicated, the indicative credit ratings that NBN received were good. NBN was absolutely and entirely in a position to borrow on external markets, but— Senator Wong interjecting— Senator Ian Macdonald: Penny, be quiet! Senator FIFIELD: it is simply a fact that government can borrow at better rates. That is something that I think everyone here knows. Government is in that position—that is not a surprise. So, when we looked at the options before us, we decided that we would pursue the option which was a lower cost to taxpayers. Senator Wong interjecting— Senator Ian Macdonald: Penny! Penny, be quiet! Senator FIFIELD: That is in no way a reflection on NBN, it is in no way a reflection on the credit rating that NBN received and it is in no way a reflection on NBN's capacity to raise money on external markets. The PRESIDENT: Senator Bilyk, a final supplementary question.