ANNOUNCEMENT 25 Nov 2015In November 2015, the government of Australia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Treasury press release, 25.11.2015
On 25 November 2015, the Australian Treasurer announced in a press release that, following the decision of the Foreign Investment Review Board, the government would approve foreign investments into the electricity supplier Transgrid.
However, the approval was linked to a number of conditions mentioned in the press release:
Hence, this measure enforces a number of restrictions on foreign investments and shall hence be classified as amber.
As the press release only mentions that the bid was won by NSW Electricity Networks without mentioning the country of origin of the investors, the affected trading partners are based on the shareholders mentioned in an article of The Sydney Morning Herald (cf. Sources).