•       This Act sets up the Telecommunications Universal Service Management Agency (TUSMA).

•       TUSMA is responsible for entering into contracts, and making grants, to support the provision of public interest telecommunications services.

•       Public interest telecommunication services include:

               (a)     standard telephone services; and

              (b)     payphones; and

               (c)     emergency call services; and

              (d)     the National Relay Service.

•       TUSMA will monitor the performance of contractors and grant recipients.

•       TUSMA will maintain:

               (a)     a Register of Public Interest Telecommunications Contracts; and

              (b)     a Register of Public Interest Telecommunications Grants.

•       The Australian Communications and Media Authority will assess and collect the levy imposed on carriers by the Telecommunications (Industry Levy) Act 2012 .

•       The proceeds of the levy will be used to:

               (a)     pay contractors and grant recipients; and

              (b)     pay TUSMA's administrative costs.