IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

FDI: Entry and ownership rule

On 11 August 2016, the Australian Treasurer announced in a press release (in a preliminary decision) that it would not approve two foreign investment proposals for the takeover of the electricity distributor Ausgrid, as it would be contrary to national interests.
The decision refers to two offers, made by the Chinese state-owned company State Grid Corporation and Hong Kong's Cheung Kong Infrastructure, and follows a similar blocking on national interest grounds on the sale of S Kidman & Co. in the previous year (cf. Related Measures).
However, this decision was only preliminary (with the application deadline on 18 August 2016) and hence shall be classified as amber and not implemented.

AFFECTED COUNTRIES

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